bwin.party shareholders green-light GVC acquisition

bwinpartybwin.party Entertainment shareholders have formally approved the firm’s £1.1 billion acquisition by London AIM listed operator GVC Holdings (GVC).

Hosting a shareholder ‘extraordinary meeting’, bwin.party governance announced that 99.99% of its investors approved in favour of the reverse takeover by GVC.

GVC and bwin.party governance will now work together to officially complete the deal by Q1 2016 and begin the merger of corporate assets.

November saw the appointment of Shay Segev former Playtech Chief Strategy Officer, as new GVC Chief Operating Officer (COO). Segev will be charged with leading the operational integration of the new merged business between GVC and bwin.party.

Releasing a short statement bwin.party commented that despite this approval, the closing offer still remains subject to the satisfaction or waiver of the other conditions set out in the scheme document, such as the sanctioning of the scheme by the court.

Check Also

Brexit concerns see bet365 migrate Gibraltar Operations to Malta

Leading online bookmaker bet365, one of the biggest employers in Gibraltar is reported to have …

Blonk 6OTB

6 of the Best – EPIC Risk Management’s Paul Buck

This week’s 6 of the Best comes from Paul Buck, CEO of EPIC Risk Management. Continue reading …

Innobet

BtoBet expands African presence through Innobet

STM Gaming, the first partner of the ‘White Label Certification Program’ from BtoBet, has struck the …