888 Acquires Bwin For $1.4B

July 19, 2015 | The Israeli gaming company 888 Holdings beat out the British company GVC to acquire Bwin.party Digital Entertainment. 888 will acquire the British-Austrian gaming company for a total of $1.4 billion, according to the company. As a result of the merger, 888 is poised to become one of the strongest gambling companies in the business, as well as strengthening the company’s presence in sports gambling. 888 was founded in 1997 by Avi and Aaron Shaked and Ron and Shai Ben-Yitzhak.