Tag Archives: bwin.party

GVC considers options regarding bwin.party bid

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 …

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888 takes lead in the battle for £898.3m bwin.party

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, …

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888 prepares final approach for bwin.party

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 …

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bwin.party aims for €15 million in 2015 cost savings

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 …

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bwin.party confirms GVC Holdings acquisition bid

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 …

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GVC Holdings offers £900 million for bwin.party

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 …

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bwin.party sells World Poker Tour (WPT) for $35 million to Ourgame

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 …

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Institutional investors sell 6% stake in bwin.party

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 …

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Spain welcomes new operators & licensed slots play

Spiffbet

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 …

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bwin.party sale could earn Teufelberger €24 million

UK newspaper, The Daily Telegraph has reported that bwin.party CEO Norbert Teufelberger could cash in up to €24 million (£17 million) on the sale of the company to its interested suitors. The newspaper has reported that Teufelberger holds a reported 13 million shares in bwin.party plc stock, with a further 9.2 million in company share options. According to the Daily …

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