{"id":1937,"date":"2023-05-23T12:41:05","date_gmt":"2023-05-23T11:41:05","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=1937"},"modified":"2023-05-23T12:41:06","modified_gmt":"2023-05-23T11:41:06","slug":"paf-acquires-888-holdings-latvian-operations-for-e28-3-million","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/","title":{"rendered":"PAF acquires 888 Holding\u2019s Latvian Operations for \u20ac28.3 million"},"content":{"rendered":"\n<p><strong>888 Holdings<\/strong> has reached an agreement to sell its Latvian business to Finnish gaming operator <strong>Paf<\/strong> for \u20ac28.3 million.<\/p>\n\n\n\n<p>Paf says it expects the deal to close in the coming weeks, giving them full control of <strong>William Hill<\/strong> and <strong>Mr Green&#8217;s<\/strong> operations in Latvia through the WilliamHill.lv and MrGreen.lv domains.<\/p>\n\n\n\n<p>Both brands reportedly hold 10% market share in the country and in 2022 achieved net revenue of \u20ac10.47m and EBITDA of \u20ac2.8m.<\/p>\n\n\n\n<p>As part of the deal, 888 Holdings will grant Paf a temporary license to use the William Hill and Mr Green brands, allowing the brands to continue to operate in the market.<\/p>\n\n\n\n<p>Upon completion of the merger, Paf will be the third largest gaming company in the Latvian market.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/bit.ly\/3BHW1zr\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings has reached an agreement to sell its Latvian business to Finnish gaming operator Paf for \u20ac28.3 million. Paf says it expects the deal to close in the coming weeks, giving them full control of William Hill and Mr Green&#8217;s operations in Latvia through the WilliamHill.lv and MrGreen.lv domains. Both brands reportedly hold 10% [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":61,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[3670,2784,46,3671,760,563,222,3672,3673,3306,225],"class_list":["post-1937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-888holdings","tag-finance","tag-gambling","tag-gaming-company","tag-latvia","tag-market","tag-mr-green","tag-paf","tag-sale","tag-transaction","tag-william-hill"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PAF acquires 888 Holding\u2019s Latvian Operations for \u20ac28.3 million - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PAF acquires 888 Holding\u2019s Latvian Operations for \u20ac28.3 million - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"888 Holdings has reached an agreement to sell its Latvian business to Finnish gaming operator Paf for \u20ac28.3 million. Paf says it expects the deal to close in the coming weeks, giving them full control of William Hill and Mr Green&#8217;s operations in Latvia through the WilliamHill.lv and MrGreen.lv domains. Both brands reportedly hold 10% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/\" \/>\n<meta property=\"og:site_name\" content=\"SBC EURASIA EN\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T11:41:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-23T11:41:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2022\/09\/888-to-cut-investment-for-non-core-brands.png\" \/>\n\t<meta property=\"og:image:width\" content=\"567\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ana Kobakhidze\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ana Kobakhidze\" \/>\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:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/\"},\"author\":{\"name\":\"Ana Kobakhidze\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/1444eb87c339a10fb03044577ed751a7\"},\"headline\":\"PAF acquires 888 Holding\u2019s Latvian Operations for \u20ac28.3 million\",\"datePublished\":\"2023-05-23T11:41:05+00:00\",\"dateModified\":\"2023-05-23T11:41:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/\"},\"wordCount\":136,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2022\/09\/888-to-cut-investment-for-non-core-brands.png\",\"keywords\":[\"888Holdings\",\"finance\",\"gambling\",\"gaming company\",\"Latvia\",\"market\",\"Mr Green\",\"Paf\",\"sale\",\"transaction\",\"William Hill\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/\",\"url\":\"https:\/\/sbceurasia.com\/en\/2023\/05\/23\/paf-acquires-888-holdings-latvian-operations-for-e28-3-million\/\",\"name\":\"PAF acquires 888 Holding\u2019s Latvian Operations for \u20ac28.3 million - 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