Entain Plc has agreed to acquire BetEnt BV, the Dutch licensed operator of BetCity.nl, in a move to secure a leading presence within the Netherlands’ newly regulated online gambling regime. This morning, FTSE100 Entain announced that it had entered a deal to acquire BetEnt’s entire share capital from owner Sports Entertainment Media BV for an initial consideration of €300m (£257m). …
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JKO withdraws from Playtech bidding contest to pave the way for Aristocrat takeover
JKO Play has confirmed that it will not meet the deadline to make a firm bid for Playtech, leaving Aristocrat as the sole bidder for the majority shares in the gaming firm. Issuing an update this morning, the Eddie Jordan family and Keith O’Loughlin owned company – which controls a 0.51% stake in Playtech – revealed that it would be …
Read More »JKO secures Bhargava backing in hot pursuit of Playtech
Eddie Jordan, who leads JKO Play’s takeover pursuit of Playtech Plc, is reported to have secured the financial backing of former Party Gaming enterprise co-founder Vikrant Bhargava. The Sunday Times reported that the British Indian tycoon will serve as a co-financier of JKO’s bid that requires its submission to Playtech governance by 2 February. As stands, Playtech governance has backed …
Read More »Keith Laidlaw joins FSB advisory board
FSB has strengthened its leadership team after confirming that Keith Laidlaw will join the company’s advisory board to support IT and technology strategy. The software provider lauded the technological experience of Laidlaw, who previously held senior level roles at Entain (formerly known as GVC Holdings), Party Gaming and OnGame. In his new role, he will work alongside Sam Lawrence, FSB’s …
Read More »Affiliate Marketing Masterclass confirmed for Betting on Sports America
Delegates attending the upcoming Betting on Sports America conference (23-25 April) will be given the chance to learn about how affiliate marketing will shape up in the newly open US market as part of the Affiliate Marketing Masterclass on 24 April. The Masterclass is free to attend and delivered in partnership with AffiliateINSIDER through the organisation’s Founder and CEO Lee-Ann …
Read More »GVC Holdings and Ladbrokes Coral – The story so far
After securing a near majority approval of its shareholders to proceed with the proposed acquisition of Ladbrokes Coral Plc, GVC Holdings has further receivgo-aheado ahead of its investor counterparts at the FTSE100 betting group. The transaction is now set to be forwarded on to the United Kingdom’s High Court for final judgement (target date 23 March) It has, however, been …
Read More »GVC expects top profits following strong 2017 finish
FTSE online gambling group GVC Holdings has this morning informed investors that it expects its full-year corporate earnings to be at the top end of management expectations having finished 2017 trading strongly. Issuing its Q4 2017 trading update (period ending 31 December), GVC reports daily group net gaming revenues of €2.2 million up 24% on corresponding Q4 2016 daily NGR …
Read More »‘Recapture the Crown’…GVC rebrands & redevelops PartyCasino’s legacy proposition
FTSE-listed GVC Holdings has today unveiled the rebrand and proposition makeover for its flagship online casino asset PartyCasino (PartyCasino.com), as the operator seeks to bring back the glory days to its legacy brand. Issuing a press release, GVC management stated PartyCasino wanted to ‘recapture its crown’ as the most popular destination for online casino players. The full makeover has seen …
Read More »Enlarged GVC Holdings posts full-year 2016 profits of €93.8 million
The governance of GVC Holdings (GVC), finishes its first year as a FTSE-listed enterprise declaring 2016 as a ‘transformative year’ for its business, in which the enlarged operator has successfully integrated the acquired assets of bwin.party Entertainment. Presenting its full-year 2016 results, GVC would declare combined ‘pro-forma’ group wagering of €4.5 billion. Its high wagering levels were driven by an enlarged …
Read More »No BREXIT fears as GVC Holdings posts strong H1 2016 performance
GVC Holdings (GVC) this morning published its half-year trading results (period ending 30 June), detailing a strong H1 performance for both GVC and acquired bwin.party brands which achieved double-digit growth on a constant currency basis. Updating the market, GVC detailed that pro-forma Net Gaming Revenues (NGR) had reached €439 million, up 8% (H1-2015: €407 million). Detailing individual brand performance, GVC …
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