{"id":156,"date":"2024-06-17T10:07:01","date_gmt":"2024-06-17T07:07:01","guid":{"rendered":"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/"},"modified":"2024-06-20T17:06:31","modified_gmt":"2024-06-20T14:06:31","slug":"broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move","status":"publish","type":"post","link":"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/","title":{"rendered":"Broadway Gaming Acquires 888 Holdings Bingo Division in Strategic Move"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/7KOkMe4K5Hc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A private investment firm, Beach Point Capital Management, has structured financing for Broadway Gaming Group in their purchase of 888 Holdings&#8217; bingo division.  This transaction, concluded in July of 2022, involved 888 selling both its consumer-facing and business-to-business bingo units to Broadway&#8217;s subsidiary, Saphalata, for an aggregate price of $45.2 million.<\/p>\n<p>This calculated maneuver highlights Broadway Gaming&#8217;s goal to bolster its position within the competitive UK online gaming sector.  The newly acquired bingo operation, which documented $25 million in income for the initial six months of 2022, represents a significant asset to Broadway&#8217;s holdings.<\/p>\n<p>Broadway Gaming&#8217;s Chief Executive Officer, David Butler, conveyed his excitement regarding the purchase, emphasizing its capacity to broaden their reach within the UK market. He also commended Beach Point Capital for their cooperative method in crafting a customized financing arrangement that enabled the achievement of their strategic aims.<\/p>\n<p>This agreement comes on the heels of 888&#8217;s June 2022 declaration, where they disclosed robust financial results for the year ending February 28, 2022, with earnings attaining \u00a36.9 billion (roughly $8.4 billion) and adjusted EBITDA reaching \u00a31.09 billion.  This divestiture permits 888 to further refine its operations and concentrate on its primary offerings. <\/p>\n<p>The business also emphasized the beneficial effect of store reopenings following the lockdown period, noting robust results across various regulated markets. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A private investment firm, Beach Point Capital Management, has structured financing for Broadway Gaming Group in their purchase of 888 Holdings&#8217; bingo division. This transaction, concluded in July of 2022, involved 888 selling both its consumer-facing and business-to-business bingo units to Broadway&#8217;s subsidiary, Saphalata, for an aggregate price of $45.2 million. This calculated maneuver highlights [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Beach Point Capital Backs Broadway Gaming<\/title>\n<meta name=\"description\" content=\"Private investment firm Beach Point Capital Management has provided financing for Broadway Gaming Group\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broadway Gaming Acquires 888 Holdings Bingo Division in Strategic Move\" \/>\n<meta property=\"og:description\" content=\"Private investment firm Beach Point Capital Management has provided financing for Broadway Gaming Group\" \/>\n<meta property=\"og:url\" content=\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/\" \/>\n<meta property=\"og:site_name\" content=\"Indulge in a Secure &amp; Thrilling Licensed Online Casino Experience\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-17T07:07:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:06:31+00:00\" \/>\n<meta name=\"author\" content=\"Audrey &quot;Aura&quot; Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Audrey &quot;Aura&quot; Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/\",\"url\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/\",\"name\":\"Beach Point Capital Backs Broadway Gaming\",\"isPartOf\":{\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-17T07:07:01+00:00\",\"dateModified\":\"2024-06-20T14:06:31+00:00\",\"author\":{\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/#\/schema\/person\/2b5fda89dc8a9c0ddc2bb9202d89b3f5\"},\"description\":\"Private investment firm Beach Point Capital Management has provided financing for Broadway Gaming Group\",\"breadcrumb\":{\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/17\/broadway-gaming-acquires-888-holdings-bingo-division-in-strategic-move\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Broadway Gaming Acquires 888 Holdings Bingo Division in Strategic Move\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/\",\"name\":\"Indulge in a Secure &amp; Thrilling Licensed Online Casino Experience\",\"description\":\"Unleash your gambling potential with the help of our comprehensive casino news, detailed game reviews, and expert articles. 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