GVC speculates at potential bwin.party acquisition

bwinpartyFollowing this week’s announcement of record breaking corporate performance with EBITDA earnings of €49 million, gambling investment firm GVC Capital has been speculated as a potential acquirer of operator bwin.party.

Throughout 2014, bwin.party has been subject to speculation of a takeover or a sale of its individual business assets. This March bwin.party Chairman Philip Yea confirmed that the operator had begun advanced talks with numerous parties with regards to a potential takeover or asset sale.

GVC Holdings CEO Kenneth Alexander publically stated that GVC Governance was studying potential buyout targets, as the igaming and sports betting industries enter a period of consolidation. Alexander further backs GVC competencies as an acquiring operator, having witnessed a huge success with its acquisition of Sportingbet’s European services for €30 million in 2013.

Sportingbet, a provider of sports betting, casinos, games and poker online and on mobile, now accounts for more than half of GVC’s revenue.

It is unknown whether GVC would be interested in buying bwin.party services outright, or whether it would aim to purchase the operators individual business units adding to its igaming and sports betting portfolio of Sportingbet, Betboo and Casino Club.

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