British online bingo provider, JPJ Group, has announced the signing of a definitive agreement that is to see it sell its Mandalay operating business to a subsidiary of 888 Holdings for £18 million ($23.5 million) in cash.
Online bingo buys:
The London-headquartered operator used an official Tuesday press release to declare that Mandalay is responsible for ‘various online bingo brands’ such as the domain at CostaBingo.com and already utilizes a platform from the Dragonfish business-to-business division of 888Holdings. It additionally stated that the subordinate recently racked up annual revenues of about £11 million ($14.3 million) alongside an unaudited twelve-month net profit of around £3.7 million ($4.8 million).
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