US casino giant MGM Resorts International has confirmed that it has proposed a merger with its US sports betting and igaming partner Entain plc, but has refused to say if a firm offer to acquire the company will follow. It has also been confirmed that the offer consists of 0.6 MGM shares for each Entain share, representing a value of …
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US casino giant MGM Resorts is attempting to acquire the Entain Group, the new name for the recently rebranded GVC Holdings, according to the Wall Street Journal. Entain operates several global gaming brands, including Ladbrokes, Coral, Bwin, PartyPoker , SportingBet, Gala Bingo, Eurobet and Betboo, but is already a partner with MGM in the burgeoning US sports betting and gaming …
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FTSE250 gambling technology group Playtech Plc has moved to strengthen its existing partnership with GVC Holdings, detailing that it has launched its entire casino content suite provisions across multiple GVC markets. The expanded agreement sees the UK, Spain, Italy and Georgia, become the latest markets in which GVC brands will service Playtech’s complete casino games portfolio. Replicating Ladbrokes and Coral …
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GVC Holdings operating firm of Sportingbet, Casino Club and Betboo brands, reported its preliminary results for 2014, recording key growth in all top line performance metrics. In 2014 the operator had recorded increased player wagering which brought gross revenues up to €1.47 billion (FY 2013: €1.1 billion). The improved player wagering transferred to a 32% increase in net gaming revenues …
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GVC Holdings operating company of sports betting brands Sportingbet, Casino Club and betboo reported to its shareholders that its 2014 ended strongly with gaming revenues exceeding €20.3 million for the month of December. In a short Q4 2014 announcement, GVC stated a record level of sports betting turnover during the period, which helped them post a Net Gaming Revenue (NGR) …
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GVC Holdings PLC controlling company of sports betting and igaming brands Betboo, Sportingbet and Casino Club, stated that it was confident of hitting its raised market expectations having published a strong performance for its latest Q4 2014 results. The operator had seen recorded improved sports wagering during the quarter up 12% on Q4 2013 figures (see performance chart below). GVC …
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