888 Finalise Acquisition of Mandalay
By Simon Wright, Last updated Mar 1, 2021
888 Holdings the parent company of 888 Casino have completed their acquisition of Mandalay from JPJ Group plc for £18m, which sees the group now own the Costa Bingo network brand. A move we first reported on last month, on the 19th February.
Just two days ago ( 12th March 2019 ), 888 announced their final year results for 2018 which saw the group revenue decrease by 2% to US$529.9 million (2017: US$541.8 million). B2C Bingo revenue decreased by 17% to US$32.4 million (2017: US$39.3 million) reflecting heightened regulatory scrutiny in the UK.
The company hopes that the acquisition of the Costa Bingo network and their associated brands, which forms part of the deal, will help the company turn around their fortunes.
Earlier this week, Casinomeister PAB Manager, Max Drayman, reaffirmed a player warning concerning 888 and their associated properties.
Simon Wright has been both a player and an observer of the online casino industry for over 15 years. His knowledge of the online casino industry – to include sports is massive. Not many folks have the experience or his knowledge about online gambling. His adoration of football is also noted. He has painted his house blue (Chelsea) and annoys his neighbors with local football songs on game days.
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