Broadway Gaming Ltd agreed to acquire Bingo business of 888 Holdings Plc from 888 Holdings plc (LSE:888) for $54 million on December 15, 2021. Saphalata Holdings Ltd will pay $50 million on completion, with a potential additional amount of $4 million due six months after that. The bingo operations generated revenue of some $65 million and booked a pre-tax loss of $76.4 million, including a goodwill impairment of $79.5 million. The disposal is subject to a reorganisation of the bingo business and its receipt of a separate license from the UK Gambling Commission (UKGC). The sale is projected to wrap up in the second quarter of 2022. Oakvale Capital LLP acted as Financial advisor to 888 Holdings plc (LSE:888). Herzog Fox & Neeman acted as Legal advisor to 888 Holdings plc (LSE:888). FinRes Limited acted as Financial advisor to Broadway Gaming Ltd and Wiggin LLP acted as Legal advisor to Broadway Gaming Ltd.

Broadway Gaming Ltd Completed the acquisition of Bingo business of 888 Holdings Plc from 888 Holdings plc (LSE:888) for approximately $45 million on July 07, 2021. Consideration is $43.25 million payable on completion, and a further $2 million unconditionally payable in one year. As of July 18, 2022, Beach Point Capital Management announced it provided the debt financing for the acquisition of 888 Holdings' B2C and B2B bingo businesses by Saphalata Holdings, a member of the Broadway Gaming group, for $46 million.