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Epic 888
Time: 11:58:29
Mid Price: 104.70
Change Today: 1.90 Ascending
Change % Today: 1.85 Ascending
Fifty Two Week High: 120.00
Fifty Two Week Low: 78.75
Market Capital: 363.09
Period & price data
Period Price
Now: 104.70
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: LSE
Sector: Travel, Leisure & Hospitality
Epic: 888
News: Latest news
Web Site: 888 Holdings
Other Articles: 22-12-200928-09-200914-09-2009

888 Holdings

The 888 Group is headquartered in Gibraltar and owns Cassava Enterprises (Gibraltar) Limited, the company that operates 888.com. Cassava Enterprises operates under a license granted by the Government of Gibraltar.

888 is a market leader in the global online gaming industry.

Monday, September 28, 2009

888’s Dragonfish Enters South African JV

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888 Holdings PLC (LSE: 888) said its subsidiary Dragonfish has signed an exclusive agreement with South African Tsogo Sun Gaming Group (TSG) to set up a joint venture in South Africa providing a licensed and regulated ‘sportsbook’ online service.

Dragonfish will provide TSG with the technological infrastructure for the joint venture, including games technology, payment processing systems, customer relationship management, online marketing and business analytics.
TSG has significant reach across a wide audience of people in South Africa, with average annual footfall across the group's seven casinos exceeding 21 million people, 888 said in a statement.

The joint venture will also add further value to the operations through the integration of member databases for joint marketing purposes. It will also integrate payment methods between TSGs land based casinos and the new online service.

The partnership is set to continue with the launch of casino, poker and bingo once a more developed regulatory regime is in place in South Africa.

Today’s deal represents a relatively new approach in 888’s growth strategy following the regulatory pressures the online gaming industry has suffered in recent years. In his statement this morning Dragonfish MD Gabi Campos emphasised the group’s focus on targeting operations with locally regulated markets.

“Dragonfish's technology infrastructure provides an excellent platform for partnerships with land based casinos.  This partnership is the first of many targeted at regulated markets, where Dragonfish's partners operate under local licenses and enjoy the benefits of such regulatory arrangement.”

Shares in 888 Holdings rose 1% in early trading this morning.

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