Tag Archives: bwin.party

Following last week’s announcement that it would consider its options regarding its acquisition bid for bwin.party entertainment, GVC Holdings has tabled a £1 billion takeover offer to snatch the operator from 888 Holdings. Having ended its bwin.party special purpose acquisition vehicle with Toronto Listed Amaya Inc which offered an initial£908 million for the operator. GVC has secured deal funding for …

GVC Holdings is considering its options regarding its takeover bid for bwin.party Entertainment, after the FTSE listed operator announced last Friday that it had agreed a deal with acquisition competitor 888 Holdings. In a statement GVC governance commented that there was no certainty that it would make a fresh bid for bwin.party. GVC who had created a special purpose vehicle …

888 Holdings has trumped rival bidder GVC Holdings by agreeing a deal to buy fellow operator bwin.party for £898.3m. The deal was announced to the stock market this morning. It’s a huge achievement for the casino operator, given that before the announcement 888 had a market capitalisation of approximately £570.8m. 888 believes that the deal will provide significantly enhanced scale, …

This week marks a crucial chapter in the battle for bwin.party Entertainment, as industry analysts expect 888 Holdings to counter the £906 million reverse takeover offer put forward by GVC Holdings. At present GVC are thought to be front runners in the acquisition, as last week bwin.party governance confirmed the £908 million cash and new shares bid, which values bwin.party …

bwin.party Entertainment the operator at the centre of a £908 million reverse takeover by GVC Holdings, issued a Q2 trading update (period ending 30 June). Giving insights into its performance bwin.party governance stated that igaming revenue was in-line with expectations, whilst sports betting turnover was ahead of expectations, despite margins being below normalised levels. The operators performance has been supported …

bwin.party Entertainment governance have confirmed the GVC Holdings reverse takeover offer of £908 million ($1.4 billion) for its entire business operations. The operator’s governance is set to work with GVC in order to formalise the deal which it will present to its shareholders in order to proceed with its acquisition. The deal is set to compromise of a cash sum …

The Financial Times has reported that GVC Holdings Plc is prepared to offer £900 million ($1.3 billion) to acquire rival bwin.party Entertainment. The deal is set to compromise of a cash sum valued at 110 pence per share combined with a new stock issuance in the merged operator. . As bwin.party is the bigger business entity, the acquisition will be …

bwin.party has continued to dispose of non-core assets, by confirming the sale of its World Poker Tour operations to Hong Kong listed social gaming operator Ourgame Holdings for a sum of $35 million in cash. bwin.party will close its six year ownership of the WPT franchise, which it acquired in 2009 for $12.5 million by Party Gaming prior to its …

bwin.party Entertainment institutional investors Emerald Bay and Stinson Ridge are preparing to sell up to 50 million shares in the London FTSE online gambling operator. The large scale share sale by the investors represents a 6% stake in bwin.party. The news of the investor sale, saw bwin.party share price fall 11p to 94p (impact-10%). bwin.party governance stated that it was …

A major update by the Spanish gambling regulator, La Dirección General de Ordenación del Juego (DGOJ), has seen the awarding of 10 new operator licenses for entry into the Spanish regulated market The DGOJ confirmed that European companies Eurobet, Merkur Interactive, SKS365 and Net Ent were amongst the operators and service providers granted license approval for market entry. The update …