{"id":127,"date":"2024-06-15T04:22:17","date_gmt":"2024-06-15T01:22:17","guid":{"rendered":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/888-divests-latvian-business-to-paf-in-e28-3-million-deal\/"},"modified":"2024-06-17T13:22:09","modified_gmt":"2024-06-17T10:22:09","slug":"888-divests-latvian-business-to-paf-in-e28-3-million-deal","status":"publish","type":"post","link":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/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\/mKooKSN5F2Y\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The international gaming powerhouse, 888, is divesting its Latvian business unit to Paf, a Nordic gaming corporation, for \u20ac28.3 million (roughly $30.5 million). The transaction, anticipated to finalize in the upcoming weeks, involves an initial payment of \u20ac24 million to 888, with the balance payable in 2024.<\/p>\n<p>This divestiture underscores 888&#8217;s strategic emphasis on its primary markets. Lord Mendelsohn, 888&#8217;s Executive Chair, clarified that the Baltic region constitutes a comparatively minor portion of their overall operations.<\/p>\n<p>Paf, already a stakeholder in the Latvian entity, will obtain the remaining 90% ownership. The Latvian firm, which manages the renowned William Hill and Mr Green brands under license, will retain the use of these brands during a transition phase.<\/p>\n<p>Both 888 and Paf conveyed optimism regarding the Latvian business&#8217;s prospects. Janis Tregers, the Latvian company&#8217;s co-founder and Managing Director, expressed belief that Paf&#8217;s guidance will guarantee sustained prosperity. Christer Fahlstedt, Paf&#8217;s CEO, shared this sentiment, conveying enthusiasm about expanding upon the company&#8217;s accomplishments in Latvia.<\/p>\n<p>At a distance, Latvia&#8217;s gaming sector appears to be adopting more stringent safeguards for its participants. This dovetails seamlessly with Paf&#8217;s established approach.  Notably, Gambling Insider recently engaged in a dialogue with Paf concerning the prevailing landscape of European gaming legislation. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The international gaming powerhouse, 888, is divesting its Latvian business unit to Paf, a Nordic gaming corporation, for \u20ac28.3 million (roughly $30.5 million). The transaction, anticipated to finalize in the upcoming weeks, involves an initial payment of \u20ac24 million to 888, with the balance payable in 2024. This divestiture underscores 888&#8217;s strategic emphasis on its [&hellip;]<\/p>\n","protected":false},"author":91,"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 Sells Latvian Business to Paf for \u20ac28.3 Million<\/title>\n<meta name=\"description\" content=\"Gaming giant 888 is cashing out its Latvian operations, selling the business unit to Nordic competitor Paf. The deal, worth \u20ac28.3 million, allows 888 to focus on its core markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/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 cashing out its Latvian operations, selling the business unit to Nordic competitor Paf. 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