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888 agrees £18m acquisition of JPJ bingo brands

19th February 2019 8:19 am GMT
888 Holdings

London-listed gaming operator 888 Holdings has agreed an £18m deal to acquire a number of online bingo brands from JPJ Group.

The brands make up JPJ’s Mandalay operating business and include Costa Bingo, with the acquisition intended to strengthen 888’s position in the UK online bingo market.

The agreement will see 888 subsidiary Brigend acquire certain assets of JPJ subsidiaries Jet Management Group and Jet Media for a total consideration of £18m in cash, of which £12m [...]

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