Quick Take
888 Holdings (EIHDF) announced it has acquired Jet Management Group Limited and Jet Media's [JPJ Group (JKPTF)] online bingo platforms for approximately $23.47 million, or £18 million.
Acquired brands include Costa Bingo, Sing Bingo, City Bingo, Costa Games, Slot Crazy, Fantastic Spins.
With the deal, EIHDF is consolidating its UK betting operations over a larger number of properties as the regulatory environment becomes stricter. In addition, management is focusing its resources on less disrupted markets, with the U.S. showing promise in the wake of a recent favorable Supreme Court ruling.
Target Company
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