Broadway Gaming completed the acquisition of the bingo business from 888 for $50m.

Broadway Gaming, a licensed operator in the bingo and casino industry, completed the acquisition of the bingo business from 888, a public company which owns several popular gambling brands and websites, for $50m. “This strategic transaction will enable 888 to further increase its focus on its core platform and unified, scalable and proprietary technology, and grow our key product verticals of casino, sport and poker, as we continue in our mission to be one of the world’s leading online betting and gaming businesses. The high-quality bingo business has been an important part of 888’s history, and over many years we have developed an advanced B2B offering alongside a suite of popular consumer-facing brands. As part of an enlarged business, I am very confident that the future for the bingo business is bright,” Itai Pazner, 888 CEO.