{"id":136,"date":"2024-06-15T16:45:36","date_gmt":"2024-06-15T13:45:36","guid":{"rendered":"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/"},"modified":"2024-06-17T14:51:25","modified_gmt":"2024-06-17T11:51:25","slug":"broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing","status":"publish","type":"post","link":"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/","title":{"rendered":"Broadway Gaming Group Acquires 888 Holdings Lottery Division with Coastal Point Investment Backing"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/EPYygsyp46A\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Coastal Point Investment Group has supplied financial backing to Broadway Gaming Group&#8217;s branch, Saphalata Holdings, to purchase 888 Holdings&#8217; lottery division. This transaction, finalized in July 2022, saw 888 divest both its customer-facing and business-to-business lottery operations for a sum of $45.2 million. The bulk of the amount, $43.2 million, was paid initially, with the outstanding $2 million payable a year later.<\/p>\n<p>This acquisition represents a major step for Broadway Gaming, strengthening their position in the UK&#8217;s fiercely contested online lottery sector. 888&#8217;s lottery platform, which yielded $25 million in the first six months of 2022 and roughly $54 million in the preceding year, provides a sizable user base and proven technology.<\/p>\n<p>Coastal Point Investment Group, recognized for its proficiency in the internet gaming and wagering field, crafted a tailored financing arrangement for Broadway Gaming, underscoring the increasing tendency of private investment groups backing tactical acquisitions within this evolving market. <\/p>\n<p>The business experienced a significant recovery following the relaxation of COVID limitations. A robust showing in numerous regions was fueled by the reactivation of physical storefronts. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coastal Point Investment Group has supplied financial backing to Broadway Gaming Group&#8217;s branch, Saphalata Holdings, to purchase 888 Holdings&#8217; lottery division. This transaction, finalized in July 2022, saw 888 divest both its customer-facing and business-to-business lottery operations for a sum of $45.2 million. The bulk of the amount, $43.2 million, was paid initially, with the [&hellip;]<\/p>\n","protected":false},"author":108,"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<\/title>\n<meta name=\"description\" content=\"Broadway Gaming Group, backed by Coastal Point Investment Group, has acquired 888 Holdings\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broadway Gaming Group Acquires 888 Holdings Lottery Division with Coastal Point Investment Backing\" \/>\n<meta property=\"og:description\" content=\"Broadway Gaming Group, backed by Coastal Point Investment Group, has acquired 888 Holdings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/\" \/>\n<meta property=\"og:site_name\" content=\"Unlock the Secrets of Casino Success with Our Licensed Platform\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-15T13:45:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T11:51:25+00:00\" \/>\n<meta name=\"author\" content=\"Silas &quot;Sentinel&quot; Brandt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silas &quot;Sentinel&quot; Brandt\" \/>\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\":\"Article\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/\"},\"author\":{\"name\":\"Silas \\\"Sentinel\\\" Brandt\",\"@id\":\"https:\/\/bebidashve.com\/#\/schema\/person\/ac65ae05831297fc9bce12d0a7a5d0e0\"},\"headline\":\"Broadway Gaming Group Acquires 888 Holdings Lottery Division with Coastal Point Investment Backing\",\"datePublished\":\"2024-06-15T13:45:36+00:00\",\"dateModified\":\"2024-06-17T11:51:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/\"},\"wordCount\":181,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/bebidashve.com\/#organization\"},\"articleSection\":[\"Gambling\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/\",\"url\":\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/\",\"name\":\"888 Holdings\",\"isPartOf\":{\"@id\":\"https:\/\/bebidashve.com\/#website\"},\"datePublished\":\"2024-06-15T13:45:36+00:00\",\"dateModified\":\"2024-06-17T11:51:25+00:00\",\"description\":\"Broadway Gaming Group, backed by Coastal Point Investment Group, has acquired 888 Holdings\",\"breadcrumb\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/15\/broadway-gaming-group-acquires-888-holdings-lottery-division-with-coastal-point-investment-backing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/bebidashve.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Broadway Gaming Group Acquires 888 Holdings Lottery Division with Coastal Point Investment Backing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bebidashve.com\/#website\",\"url\":\"https:\/\/bebidashve.com\/\",\"name\":\"Unlock the Secrets of Casino Success with Our Licensed Platform\",\"description\":\"Explore the dynamic world of online gambling through our regularly updated news, honest game reviews, and expert insights. 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