Tag Archives: Cerberus Capital Management

GVC Holdings turns down approaches for bwin.party assets

SBC News GVC Holdings turns down approaches for bwin.party assets

UK newspaper the Daily Telegraph has reported that GVC Holdings governance has rebuffed a number of offers interested in acquiring its bwin.party Entertainment assets. The Aim listed operator, stated to the newspaper that it had been approached by interested parties in the potential sale of UK bingo operator Cashcade and its B2C brand Foxy Bingo. GVC had received further interest …

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GVC Holdings states it will only re-bid for bwin.party if 888 increases current offer

Having placed its takeover bid past the £1.1 billion mark, UK news sources have stated that GVC Holdings governance could “walk away” from its ongoing battle with 888 Holdings for bwin.party Entertainment. Speculation has been rife regarding the takeover of bwin.party and its two bidding rivals GVC and 888. Last week The Times reported that GVC Holdings and its bid …

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The Times – GVC set to increase takeover bid for bwin.party

SBC News The Times - GVC set to increase takeover bid for bwin.party

UK newspaper The Times has reported that London AIM listed operator GVC Holdings is considering an increase to 130p per share for its takeover bid of bwin.party Entertainment. The reported bid increase, would represent GVC’s third attempt at luring bwin.party away from bid leader 888 Holdings, who have offered a takeover deal valued at £908 million. On 7 August, reacting …

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IPO Candidate Gala Coral concerned about further UK regulatory blocks

SBC News IPO Candidate Gala Coral concerned about further UK regulatory blocks

Despite recording a strong start to its H1 2015 corporate performance, Gala Coral governance has warned of further potential regulatory uncertainty for the gambling industry. At the start of 2015 Gala Coral governance had stated that the operator would investigate a potential IPO, following the conclusion of the 2015 UK General Election. However the operator has noted potential regulatory blocks …

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