888 Holdings acquired a remaining 53% stake in All American Poker Network for $28m.

888 Holdings, a public company which owns several popular gambling brands and websites, acquired a remaining 53% stake in All American Poker Network, which provides online and mobile gaming solutions, for $28m. Itai Frieberger, Chief Executive of 888 commented: "The acquisition of the remaining stake in AAPN is an important strategic step towards 888 achieving its exciting long-term potential in the US. Taking outright ownership of AAPN gives 888 additional operational, technological and commercial flexibility to develop innovative and exciting new partnerships and launch in new states - through both B2B and B2C channels - as and when future regulation allows. This acquisition places 888 in an even better position to take advantage of the significant growth opportunities in the US and create additional value for our shareholders. The AAPN joint venture has been a very successful endeavour for the Group. It has afforded us the flexibility and financial capability to build a position in the regulated US market over the last five years whilst also investing in other global regulated markets. I would like to thank Avenue Capital for being fantastic partners in this venture since 2013."