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London-listed online gambling operator, 888 Holdings, has announced the signing of an agreement that is to see it spend some million in order to acquire the remaining 53% stake in the All American Poker Network. It detailed that its 888Casino and 888Poker brands premiered via the platform for players in New Jersey some eight months later while September saw its 888Sport sportsbetting service go live in ‘The Garden State.’Frieburger’s statement read…“The All American Poker Network joint venture has been a very successful endeavor for the group....
He proclaimed that the deal is to moreover permit the iGaming operator to sign ‘new partnerships’ while continuing to premiere its proprietary business-to-consumer and business-to-business technology and products into newly-regulated markets.com and additionally highlighted the fact that this year had seen its domains at MrGreen.’Getting ‘independent control’:Itai Frieberger (pictured), Chief Executive Officer for 888 Holdings, stated that purchas slot machine gamesing the remaining share of the All American Poker Network from Avenue OLG Entertainment will allow his firm to gain ‘independent control’ of its American business....
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It has afforded us the flexibility and financial capability to build a position in the regulated United States market over the last five years while also investing in other global regulated markets.Shareholder appeal:Frieburger further asserted that the acquisition of the slot machine gamesAll American Poker Network is set to place 888 ‘in an even better position’ as it looks to exploit ‘the significant growth opportunities’ that exist in the United States and provide shareholders with ‘additional value. When a Tornado lands on the reels, the wild is activated and the entire reel will transform other symbols that are located above and below the wilds....
It has afforded us the flexibility and financial capability to build a position in the regulated United States market over the last five years while also investing in other global regulated markets.To grasp ‘growth opportunities’:The Gibraltarian firm used an official Tuesday press release (pdf) to declare that the all-cash transaction for the online poker network is being carried out by its 888 US Incorporated subsidiary and is expected to be completed by the end of March to give it the flexibility to fulfill ‘multiple potential growth opportunities including developing new strategic partnerships’ across the United States.or the iGaming sites at BingoSlottet....
