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2024-05-11 07:05:46
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Taking outright ownership of the All American Poker Network gives 888 Holdings additional operational, technological and commercial flexibility to develop innovative and exciting new partnerships and launch in new states through both business-to-business and business-to-consumer channels as and when future regulation allows.’Getting ‘independent control’:Itai Frieberger (pictured), Chief Executive Officer for 888 Holdings, stated that purchasing the remaining share of the All American Poker Network from Avenue OLG Entertainment will allow his firm to gain ‘independent control’ of its American business.’Getting ‘independent control’:Itai Frieberger (pictured), Chief Executive Officer for 888 Holdings, stated that purchasing the remaining share of the All American Poker Network from Avenue OLG Entertainment will allow his firm to gain ‘independent control’ of its American business....
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To grasp ‘growth opportunities’:The Gibraltarian firm used an official Tuesday press release (pdf) to declare that the all-cash transaction for the online poker network is being carried out by its 888 US Incorporated subsidiary and is expected to be completed by the end of March to give it the flexibility to fulfill ‘multiple potential growth opportunities including developing new strategic partnerships’ across the United States.Frieburger’s statement read…“The acquisionline gambling top 10tion of the remaining stake in the All American Poker Network is an important strategic step towards 888 Holdings achieving its exciting long-term potential in the United States. It has afforded us the flexibility and financial capability to build a position in the regulated Uonline gambling top 10nited States market over the last five years while also investing in other global regulated markets....
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