In a shocking turn of events, 888, one of the biggest names in the online casino industry, has officially announced its departure from the New Jersey market. The decision comes as a surprise to many, as 888 has been a major player in the Garden State’s thriving online gambling scene for years.
The news was first reported by PlayUSA, a leading online gambling news site, which broke the story earlier this week. According to sources close to the company, 888 made the decision to pull out of the New Jersey market due to a number of factors, including increased competition and regulatory challenges.
In a statement released to PlayUSA, 888 CEO Itai Pazner expressed his disappointment at having to leave the New Jersey market, but stressed that it was a necessary move for the company’s long-term growth and sustainability. “While we have enjoyed great success in New Jersey over the years, the increasingly competitive nature of the market has made it difficult for us to continue operating there,” Pazner said.
The departure of 888 is sure to have a significant impact on the online gambling landscape in New Jersey. With the company gone, many players will be left without access to some of their favorite games and promotions, potentially leading them to seek out alternative options. Additionally, the loss of 888 will create a void in the market that other operators will be eager to fill.
Despite this setback, many industry experts believe that 888 will continue to thrive in other markets around the world. The company is known for its innovative games and cutting-edge technology, which have helped it build a loyal and dedicated player base. As such, it is likely that the company will focus its efforts on expanding into new markets and strengthening its presence in existing ones.
For now, players in New Jersey will have to look elsewhere for their online gambling needs. However, with the market still booming and more operators than ever vying for their business, there is no shortage of options available. As for 888, only time will tell what the future holds for this once-dominant player in the online casino industry.