{"id":69,"date":"2024-06-13T00:35:42","date_gmt":"2024-06-12T21:35:42","guid":{"rendered":"https:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/"},"modified":"2024-06-17T13:11:09","modified_gmt":"2024-06-17T10:11:09","slug":"888-divests-latvian-business-to-paf-in-e28-3-million-deal","status":"publish","type":"post","link":"https:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/","title":{"rendered":"888 Divests Latvian Business to Paf in \u20ac28.3 Million Deal"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/dGSVr4ha3qc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The gaming behemoth, 888, has entered into an agreement to divest its Latvian business to Paf, a gaming operator headquartered in \u00c5land, Finland, for a consideration of \u20ac28.3 million (equivalent to roughly $30.5 million). The transaction is structured as a cash-free and debt-free exchange.<\/p>\n<p>An initial disbursement of \u20ac24 million will be made upon the finalization of the deal, with the remaining balance scheduled for payment in 2024, contingent upon the publication of the 2023 financial statements.<\/p>\n<p>Paf will assume a 90% ownership interest in the Latvian entity, which manages operations under the prominent William Hill and Mr Green brands through local licenses. These brands will maintain their presence in Latvia for an interim period governed by a licensing arrangement.<\/p>\n<p>Lord Mendelsohn, Executive Chair of 888, underscored the company&#8217;s dedication to refining its portfolio to achieve enduring strategic coherence and maximize shareholder returns. He indicated that the Baltic region constitutes a comparatively modest portion of 888&#8217;s overall business and is not considered a pivotal market within the company&#8217;s future expansion strategy.<\/p>\n<p>Janis Tregers, co-founder and director on the Latvian board, conveyed optimism regarding the sustained prosperity of the company under Paf&#8217;s stewardship, emphasizing their unwavering commitment to providing customers with exceptional products and experiences.<\/p>\n<p>Christer Fahlstedt, CEO of Paf, articulated his enthusiasm for the prospect of leveraging the established achievements of the Latvian operation. <\/p>\n<p>At a distance, it appears Latvia is elevating its efforts to safeguard its gamblers. This harmonizes seamlessly with Paf&#8217;s dedication to ethical gaming practices. <\/p>\n<p>A gaming publication recently engaged in a discussion with Paf regarding the present landscape of gambling regulations across Europe. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gaming behemoth, 888, has entered into an agreement to divest its Latvian business to Paf, a gaming operator headquartered in \u00c5land, Finland, for a consideration of \u20ac28.3 million (equivalent to roughly $30.5 million). The transaction is structured as a cash-free and debt-free exchange. An initial disbursement of \u20ac24 million will be made upon the [&hellip;]<\/p>\n","protected":false},"author":53,"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>888 Hands Over Latvian Operations to Paf in \u20ac28.3 Million Deal<\/title>\n<meta name=\"description\" content=\"Gaming giant 888 is saying\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Divests Latvian Business to Paf in \u20ac28.3 Million Deal\" \/>\n<meta property=\"og:description\" content=\"Gaming giant 888 is saying\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay in the Know with Our Licensed Casino News &amp; Exciting Games\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T21:35:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:11:09+00:00\" \/>\n<meta name=\"author\" content=\"Hazel &quot;Harmony&quot; Price\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazel &quot;Harmony&quot; Price\" \/>\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:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/\",\"url\":\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/\",\"name\":\"888 Hands Over Latvian Operations to Paf in \u20ac28.3 Million Deal\",\"isPartOf\":{\"@id\":\"https:\/\/winadaynodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-12T21:35:42+00:00\",\"dateModified\":\"2024-06-17T10:11:09+00:00\",\"author\":{\"@id\":\"https:\/\/winadaynodepositbonus.icu\/#\/schema\/person\/3b8b8f817c6feb105c8187573243119b\"},\"description\":\"Gaming giant 888 is saying\",\"breadcrumb\":{\"@id\":\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/13\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/winadaynodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"888 Divests Latvian Business to Paf in \u20ac28.3 Million Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/winadaynodepositbonus.icu\/#website\",\"url\":\"https:\/\/winadaynodepositbonus.icu\/\",\"name\":\"Stay in the Know with Our Licensed Casino News &amp; Exciting Games\",\"description\":\"Stay ahead of the curve with our fresh casino news, honest game reviews, and expert articles. 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