Online gaming company 888 has come into the limelight again after its second deal in a month. As 888’s business-to-business division has signed a joint venture with Tsogo Sun Gaming Group, of South Africa, which will help the brand expand into online gambling.
A collaborative company will be formed ahead of the launch of sport betting. This will be followed with the launch of online casino, online poker, and bingo products.
888 said the deal was the first of many such future partnerships in regulated markets. It follows news earlier this month that 888's software was to be used by a renowned US casino Harrah's Entertainment in its expansion into the UK.
As the Senior Trader of Accendo Market, Charlie Menegatos stated, “We have noted the consistent progress at 888's B2B division Dragonfish in sealing affiliate deals and generally expanding the reach for the company as a whole”.
On the other hand, Gabi Campos, managing director of 888 Dragonfish said of the partnership, "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"
Dragonfish will supply back-end services such as business analytics, customer relationship management, call center, payment processing and technology. The company will market the 888 brand in the country as well as a newly-developed brand for Tsogo Sun Gaming.
The Tsogo Sun Gaming has a notable reach across a wide turnout of people in South Africa, with average annual footfall across the group's 7 casinos go beyond the bounds of 21 million people.
The chief financial officer of the Tsogo Sun Group Marcel Von Aulock said, “Tsogo Sun Gaming is a dynamic and innovative leader of gaming in South Africa so our move into online gaming is a natural progression for the business. Dragonfish has a proven pedigree in online gaming technology delivery and this partnership provides an excellent platform to expand our offering.”
Through the help of the mutual partnership, the shares in 888 Holdings rose 1% in early trading this morning and the South Africa has been in the process for corroborating online gambling regulations now.
A collaborative company will be formed ahead of the launch of sport betting. This will be followed with the launch of online casino, online poker, and bingo products.
888 said the deal was the first of many such future partnerships in regulated markets. It follows news earlier this month that 888's software was to be used by a renowned US casino Harrah's Entertainment in its expansion into the UK.
As the Senior Trader of Accendo Market, Charlie Menegatos stated, “We have noted the consistent progress at 888's B2B division Dragonfish in sealing affiliate deals and generally expanding the reach for the company as a whole”.
On the other hand, Gabi Campos, managing director of 888 Dragonfish said of the partnership, "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"
Dragonfish will supply back-end services such as business analytics, customer relationship management, call center, payment processing and technology. The company will market the 888 brand in the country as well as a newly-developed brand for Tsogo Sun Gaming.
The Tsogo Sun Gaming has a notable reach across a wide turnout of people in South Africa, with average annual footfall across the group's 7 casinos go beyond the bounds of 21 million people.
The chief financial officer of the Tsogo Sun Group Marcel Von Aulock said, “Tsogo Sun Gaming is a dynamic and innovative leader of gaming in South Africa so our move into online gaming is a natural progression for the business. Dragonfish has a proven pedigree in online gaming technology delivery and this partnership provides an excellent platform to expand our offering.”
Through the help of the mutual partnership, the shares in 888 Holdings rose 1% in early trading this morning and the South Africa has been in the process for corroborating online gambling regulations now.
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