Key Takeaways
- The acquisition is part of a “growth strategy” for 888 to flex its muscles within the US regulated online gaming markets.
- “This acquisition places 888 in an even better position to take advantage of the significant growth opportunities in the US and create additional value for our shareholders”
888 Holdings has announced the buy-out of the All American Poker Network (AAPN) for $28 million. The online gaming operator has bought the remaining 53% AAPN shares to take over sole ownership of the network.
The AAPN launched back in 2013 as a venture between 888 and Avenue Capital as the pair set out to build a business-to-consumer online gambling platform in the US.
It would go on to create the first cross-border liquidity network between regulated US states.
