Tag Archives: bwin

Why Not? GVC linked to Ladbrokes Coral takeover

The City of London has registered speculation that newly merged Ladbrokes Coral Plc is a potential takeover target of FTSE rival GVC Holdings. Last Friday the Financial Times reported that Ladbrokes Coral shares had gained circa 5% value on the speculation that GVC governance were considering an ambitious reverse takeover of the betting giant valued at a reported £3.2 billion …

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Yggdrasil ‘surges’ on new deals and business initiatives

Casino game supplier Yggdrasil Gaming announced “surging” third-quarter revenues helped by the signing of landmark deals this year with the likes of bet365, BwinParty and Casumo. The Malta-based company saw revenues almost quadruple to SEK21m compared with SEK5.3m in the same period last year. EBITDA similarly soared, up to SEK9.2m from SEK1.9m in 2015. The number of player transactions on …

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UltraPlay expands management team with three new hires

UltraPlay, a market leader in eSports, has announced three new key hires in its management team to further develop the strategic and technical operations in the company. Metodi Zaburtov has been confirmed as the new Head of eSports Optimisation, after spending five years with Bwin as Live Betting Manager. Zaburtov, who was among the first to introduce live betting to …

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OnGame poker network reported to be closing down

Online poker news sources are reporting that OnGame Network (OnGame), one of the industry’s oldest poker networks will close down this October. The poker network which has had multiple owners including bwin.party Entertainment and Amaya Inc, in recent years’ has suffered from declining active player numbers affecting its game liquidity. At its peak, Ongame was a leading European B2B poker …

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GVC Holdings positive on 2016 as all brands report revenue growth

Presenting its first London FTSE market update, GVC Holdings Plc described 2015 as a “momentous year for the company”, having completed its acquisition of bwin.party Entertainment assets in December 2015 (deal officially closed 1 February). Reporting on full-year 2015 results (period ending 31 December), GVC recorded a 10% increase in Net Gaming Revenues (NGR) to €248 million. GVC governance was …

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Teufelberger & Bodner face Austrian corruption charges relating to Turkish licence bribery

Austrian news sources have reported that former Bwin leaders Manfred Bodner and Norbert Teufelberger are facing charges of bribery relating to the firm’s 2007 application for a sports betting licence for Turkey. The former Bwin executives have been accused by a Vienna public prosecutor of paying €2.25 million in order to bribe Turkish officials. Bodner and Teufelberger are set to …

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Scott Longley – Hold Tight! GVC’s rollercoaster road ahead…

Having completed its takeover bwin.party Entertainment , Scott Longley asses the betting operators next steps as the new merged outfit targets a FTSE 250 listing. As the firm’s governance and leadership begins to execute the first steps of its integration plan, Longley details what may be the betting sectors most interesting merger.  ________________________ It didn’t take long for GVC to …

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