{"id":75,"date":"2024-06-13T11:54:35","date_gmt":"2024-06-13T08:54:35","guid":{"rendered":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/"},"modified":"2024-06-17T13:16:29","modified_gmt":"2024-06-17T10:16:29","slug":"beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division","status":"publish","type":"post","link":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/","title":{"rendered":"Beach Point Capital Backs Broadway Gaming&#8217;s Acquisition of 888 Holdings&#8217; Bingo Division"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/EdU3l6hWaXM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>An investment entity, Beach Point Capital Management, has furnished financial backing to Saphalata Holding, a branch of Broadway Gaming Group, for the purchase of 888 Holdings&#8217; bingo division.<\/p>\n<p>The transaction, finalized in July 2022, involved 888 divesting its B2C and B2B bingo activities to Saphalata for an aggregate value of $45.2 million. Broadway Gaming obtained prompt access to the majority of the capital, with $43.2 million disbursed upfront and the balance of $2 million payable after a year.<\/p>\n<p>Michael Haynes, Director of Private Credit at Beach Point Capital, remarked: &#8220;The internet wagering and gaming industry is a vigorous and swiftly growing market. Beach Point possesses substantial expertise in this domain, and we are delighted to collaborate with Broadway Gaming on this tactical acquisition.&#8221;<\/p>\n<p>The UK-situated bingo enterprise, which yielded $25 million in earnings during the initial half of 2022 and roughly $54 million over the preceding year, constitutes a noteworthy augmentation to Broadway Gaming&#8217;s holdings.<\/p>\n<p>David Butler, Chief Executive Officer of Broadway, conveyed his zeal for the acquisition, proclaiming: &#8220;We are highly content to conclude this purchase, which broadens our footprint in the lively UK market. We value the attentiveness and proficiency of the Beach Point team, who were capable of cooperating with us to formulate a tailored financing arrangement that empowers us to attain our strategic aims.&#8221;<\/p>\n<p>Previously in 2022, 888 issued a trading update and fiscal figures for the 12 months concluding on December 31, 2021. The corporation disclosed revenue of \u00a36.9 billion ($8.408 billion) and adjusted EBITDA of \u00a31.09 billion for the timeframe. <\/p>\n<p>The business also emphasized a significant favorable effect stemming from the resumption of physical store operations as limitations tied to the global health crisis lessened \u2013 a pattern observed across numerous jurisdictions with oversight. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>An investment entity, Beach Point Capital Management, has furnished financial backing to Saphalata Holding, a branch of Broadway Gaming Group, for the purchase of 888 [&#8230;]<\/p>\n","protected":false},"author":70,"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 Holdings Sells Bingo Division for $45.2 Million<\/title>\n<meta name=\"description\" content=\"Beach Point Capital Management backs Saphalata Holding\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beach Point Capital Backs Broadway Gaming&#039;s Acquisition of 888 Holdings&#039; Bingo Division\" \/>\n<meta property=\"og:description\" content=\"Beach Point Capital Management backs Saphalata Holding\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Premier Choice for Licensed Online Casino Entertainment\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T08:54:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:16:29+00:00\" \/>\n<meta name=\"author\" content=\"Mason &quot;Mercury&quot; Haynes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mason &quot;Mercury&quot; Haynes\" \/>\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:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/\",\"url\":\"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/\",\"name\":\"888 Holdings Sells Bingo Division for $45.2 Million\",\"isPartOf\":{\"@id\":\"https:\/\/goldenladycasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-13T08:54:35+00:00\",\"dateModified\":\"2024-06-17T10:16:29+00:00\",\"author\":{\"@id\":\"https:\/\/goldenladycasinonodepositbonus.icu\/#\/schema\/person\/1c431b0e75105a0b2ce30c67d325ad0e\"},\"description\":\"Beach Point Capital Management backs Saphalata Holding\",\"breadcrumb\":{\"@id\":\"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/goldenladycasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Beach Point Capital Backs Broadway Gaming&#8217;s Acquisition of 888 Holdings&#8217; Bingo Division\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/goldenladycasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/goldenladycasinonodepositbonus.icu\/\",\"name\":\"Your Premier Choice for Licensed Online Casino Entertainment\",\"description\":\"Stay on top of the online gambling world through our fresh casino news, in-depth game reviews, and informative insights. Experience the best of licensed gaming at our platform.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/goldenladycasinonodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/goldenladycasinonodepositbonus.icu\/#\/schema\/person\/1c431b0e75105a0b2ce30c67d325ad0e\",\"name\":\"Mason \\\"Mercury\\\" Haynes\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/goldenladycasinonodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/goldenladycasinonodepositbonus.icu\/wp-content\/uploads\/sites\/74\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/goldenladycasinonodepositbonus.icu\/wp-content\/uploads\/sites\/74\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Mason \\\"Mercury\\\" Haynes\"},\"description\":\"Holding a Master's degree in Differential Equations and a Bachelor's in Music, this versatile author has a deep appreciation for the mathematical and artistic dimensions of sound and their role in shaping the emotional and sensory experience of gambling. They have expertise in acoustic modeling, music perception, and audio engineering, which they apply to the study of the psychoacoustic effects of casino soundscapes and the development of strategies to optimize the auditory design of gambling environments. Their articles and news pieces provide readers with a multisensory perspective on the casino industry and the strategies used to create immersive and engaging gambling experiences.\",\"url\":\"https:\/\/goldenladycasinonodepositbonus.icu\/author\/xzcbnbh87712\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"888 Holdings Sells Bingo Division for $45.2 Million","description":"Beach Point Capital Management backs Saphalata Holding","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/","og_locale":"en_GB","og_type":"article","og_title":"Beach Point Capital Backs Broadway Gaming's Acquisition of 888 Holdings' Bingo Division","og_description":"Beach Point Capital Management backs Saphalata Holding","og_url":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/","og_site_name":"Your Premier Choice for Licensed Online Casino Entertainment","article_published_time":"2024-06-13T08:54:35+00:00","article_modified_time":"2024-06-17T10:16:29+00:00","author":"Mason \"Mercury\" Haynes","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mason \"Mercury\" Haynes","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/","url":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/","name":"888 Holdings Sells Bingo Division for $45.2 Million","isPartOf":{"@id":"https:\/\/goldenladycasinonodepositbonus.icu\/#website"},"datePublished":"2024-06-13T08:54:35+00:00","dateModified":"2024-06-17T10:16:29+00:00","author":{"@id":"https:\/\/goldenladycasinonodepositbonus.icu\/#\/schema\/person\/1c431b0e75105a0b2ce30c67d325ad0e"},"description":"Beach Point Capital Management backs Saphalata Holding","breadcrumb":{"@id":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/13\/beach-point-capital-backs-broadway-gamings-acquisition-of-888-holdings-bingo-division\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/goldenladycasinonodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Beach Point Capital Backs Broadway Gaming&#8217;s Acquisition of 888 Holdings&#8217; Bingo Division"}]},{"@type":"WebSite","@id":"https:\/\/goldenladycasinonodepositbonus.icu\/#website","url":"https:\/\/goldenladycasinonodepositbonus.icu\/","name":"Your Premier Choice for Licensed Online Casino Entertainment","description":"Stay on top of the online gambling world through our fresh casino news, in-depth game reviews, and informative insights. Experience the best of licensed gaming at our platform.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/goldenladycasinonodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/goldenladycasinonodepositbonus.icu\/#\/schema\/person\/1c431b0e75105a0b2ce30c67d325ad0e","name":"Mason \"Mercury\" Haynes","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/goldenladycasinonodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-content\/uploads\/sites\/74\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-content\/uploads\/sites\/74\/2024\/06\/man-avatar-96x96.png","caption":"Mason \"Mercury\" Haynes"},"description":"Holding a Master's degree in Differential Equations and a Bachelor's in Music, this versatile author has a deep appreciation for the mathematical and artistic dimensions of sound and their role in shaping the emotional and sensory experience of gambling. They have expertise in acoustic modeling, music perception, and audio engineering, which they apply to the study of the psychoacoustic effects of casino soundscapes and the development of strategies to optimize the auditory design of gambling environments. Their articles and news pieces provide readers with a multisensory perspective on the casino industry and the strategies used to create immersive and engaging gambling experiences.","url":"https:\/\/goldenladycasinonodepositbonus.icu\/author\/xzcbnbh87712\/"}]}},"_links":{"self":[{"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/75"}],"collection":[{"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=75"}],"version-history":[{"count":1,"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/75\/revisions"}],"predecessor-version":[{"id":76,"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/75\/revisions\/76"}],"wp:attachment":[{"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=75"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=75"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldenladycasinonodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=75"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}