• 888 acquires the remaining 53% interest in the All American Poker Network, a joint venture established in 2013, for US $28 million.
• The acquisition is an important strategic milestone that will facilitate the Group’s future growth strategy in the US.
• The acquisition gives the Group full flexibility to deliver on multiple potential growth opportunities including developing new strategic partnerships.
888, one of the world’s leading online gaming entertainment and solutions providers, announces the signing of an agreement by its wholly-owned subsidiaries, 888 US Inc. (“888 US”) and 888 US Holdings Inc., for the acquisition of the remaining 53% interest in AAPN Holdings LLC (“AAPN”) that 888 US does not already own, from its joint venture partner Avenue OLG Entertainment LLC (“Avenue”) and other minority shareholders of AAPN (together, the “Sellers”) for US $28 million (the “Consideration”) (the “Transaction”).