Tag Archives: bwin.party

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 …

San Francisco based social games developer has officially closed its ZyngaPlus casino and poker real money gaming (RMG) products. The closures of its products sees the termination of its joint partnership with igaming operator bwin.party, which aimed to create and promote RMG Zynga products on social media verticals. Zynga management sent the following communication to existing RMG players “We are …

Online gambling venture finance firm NewGame Capital has sold off its entire stake in London AIM listed igaming operator Gaming Realms. NewGame Capital backed by bwin.party and led by ex Cashcade Gaming founders Patrick Southon and Simon Collins informed the markets on Friday 20 February. The sale of its 10.5% share capital in Gaming Realms, had driven by the decision …

bwin.party governance has announced the appointment of Liz Catchpole and Barry Gibson as independent Non-Executive Directors with effect from 1 March. Catchpole and Gibson will succeed Rod Perry Chairman of Remuneration and Helmut Kern Chairman of Audit & Risk Committee, who are both retiring from the board after the conclusion of the firms 2015 General Meeting. Barry Gibson (63) is …

Friday 13 February marked a black day for Gibraltar based operator bwin.party, who lost almost 20% of its FTSE value as news reached traders that corporate suitors were no longer interested in its business. The FTSE 250 listed igaming and sports betting operator would see its shares take a hit of 18.95P to 83.55p by end of trading on Friday …

bwin.party PLC have announced that its net revenue and cashflow will be reviewed in 2015 due to new European Union (EU) VAT rules that came into action this January. The operator expects to pay an additional €15 million in VAT, due to recent changes EU tax regulations concerning digital business/services. Changes to EU VAT regulations concerning digital services, has seen …

After just four months since launching its joint venture social betting game Sportster ‘betandwin’ with games publisher Nordeus, bwin.party has announced the closure of the Facebook social betting game. The operator sent the following communication to Sportster customers “Dear users, we are sorry to inform you that we are shutting Sportster down on January 30th.Please note, that you will not be …

Bwin.Party is close to selling its social gaming business and is in continuing merger talks with other parties. In a pre-close trading update, the firm revealed that it is in ‘active discussions’ regarding the sale of Win, the group’s social gaming business, and that it expects to make a further announcement shortly. The company had announced a huge expansion into …

Big year, better year? The past twelve months have witnessed some of the biggest deals in the history of the e-gaming industry, despite a regulatory and taxation backdrop of unprecedented challenge and change, across the globe. Consolidation continues, and it already seems likely that next year will see more of where the large get larger, the middle gets squeezed and …