Tag Archives: bwin.party

bwin.party shuts down WPTPoker.com

bwin.party management has announced that it will cease the operations of its WPTPoker.com brand on 3 June. The closure of WPTPoker.com services is part of bwin.party’s ongoing re-structure as the troubled operator looks to concentrate on core revenue making brands. WPTPoker, is a white label site operating on the Party Poker network, the online poker site was acquired in 2009 …

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EIG heading back to Berlin

Clarion Events has announced that EiG (Excellence in iGaming) will return to Berlin in October, with mergers, acquisitions and consolidation set to be high up on the agenda. EiG 2015, which will run from October 20-22 at Arena Berlin, will serve as a platform for debate surrounding the evolving iGaming sector, with the confirmation this week of multiple bids for …

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Product declines sees bwin.party struggles continue into 2015

Takeover target bwin.party entertainment has continued its corporate performance struggles into 2015, reporting a 6% year-on-year decrease in revenues to €155 million (Q1 2014: 166 million). The operator’s group performance had been impacted by an unfavourable set of European football results recorded throughout the industry, combined with further declining performances on its online casino and poker verticals Positives saw bwin.party …

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Amaya eyes acquisition link-up with GVC Holdings for bwin.party

UK business news sources have reported that Toronto listed Amaya Gaming is prepared to team up with GVC Holdings in order to create a special purpose vehicle and fend off a takeover of bwin.party entertainment by 888 Holdings. The rumoured link-up of Amaya Gaming and GVC Holdings is the latest turn in the bidding war for bwin.party assets which heated …

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GVC Holdings confirms acquisition bid for entire bwin.party assets

Online gambling investment firm GVC Holdings has confirmed to the media, that it has submitted a proposal for the acquisition of bwin.party entertainment in its entirety. GVC Holdings this morning released a short corporate statement confirming its actions and interests with regards to bwin.party. A bwin.party counter statement would confirm the interest of GVC’s acquisition proposal, and would further state …

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bwin.party expands online casino games inventory with NetEnt

iGaming software and games provider Net Entertainment (NetEnt) has continued to expand its interactive games title coverage on igaming providers by announcing the launch of its inventory on bwin.party casino products. bwin.party product management announced the successful integration of NetEnt’s igaming catalogue which was agreed in 2014. The partnership will see new NetEnt games featured on bwin.party casino verticals for …

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Foxy Bingo unveils new casino offering – FoxyCasino.com

bwin.party bingo and games subsidiary Foxy Bingo has launched new UK casino portal FoxyCasino.com. Foxy Casino will offer UK players over 150 popular igaming titles such as Rainbow Riches and Millionaire Genie. The new casino vertical will further offer personalised CRM and VIP rewards to engage top players. Foxy Casino will utilise the popular Foxy Bingo character and brand Foxy …

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GVC speculates at potential bwin.party acquisition

Following 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 …

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bwin.party in advanced discussion with potential buyers

Having announced no corporate growth in its 2014 full year performance this Wednesday, bwin.party governance has revealed that it has received several offers from interested parties in buying its business divisions or all of the Company. Non-Executive Chairman Philip Yea stated that the company was in advanced discussions with potential buyers, but neglected to give further insight on how many …

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bwin.party posts 2014 operating loss of €94 million

bwin.party reported declines in all full year 2014 top line metrics as the operator posted an operating loss of – €94 million (2013: €41 million). The operator disclosed that it had been impacted by a non-cash impairment charge on its poker business and other non-core assets of €104 million, which resulted in the 2014 operating loss. The operator recorded a …

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