Tag Archives: gvc holdings

Golan Shaked confirms exit as bwin.party Director of Games

Golan Shaked Group Director of Games for bwin.party Entertainment confirmed last week to industry news source EGR Magazine that he will depart the operator as soon as it completes its acquisition by GVC Holdings. EGR Magazine reports that Shaked was offered to retain his senior executive role within the new merged enterprise, however the long term serving group director has …

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GVC appoints Shay Segev to lead bwin.party merger integration as new COO

GVC Holdings has announced the appointment of Shay Segev as its new Chief Operating Officer. Segev will be in charge of leading the operators merger integration with bwin.party Entertainment, which it acquired in August for £1.1 billion. The appointment of Segev the former Chief Operations Officer of Playtech Plc, represents a major coup for GVC. Segev who had worked for …

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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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Sportingbet sponsors Greek coverage of Turkish Airlines Euroleague basketball

GVC Holdings subsidiary Sportingbet has furthered its presence in Greece, by becoming the official betting partner of Euroleague Basketball coverage for the Greek market. Sportingbet marketing agreed terms with Turkish Airlines Euroleague, governing body of Europe’s biggest basketball championship. By becoming Greek betting partner, the Sportingbet brand will be displayed on multi-content throughout Euroleague game highlights for the Final Four …

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GVC reports record daily revenue gains as bwin.party acquisition nears

Issuing a trading update London AIM listed online gambling operator GVC Holdings has reported record daily net gaming revenue gains (NGR) for its nine month 2015 activity (period ending 30 September). As GVC governance moves to complete its £1.1 billion acquisition of bwin.party Entertainment assets, the operator disclosed an 11% uplift to its daily NGR to €670,000 (Q1-Q3 2014 period – €606,000). GVC’s online …

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Doubts rise over GVC Holdings acquisiton of bwin.party

UK newspaper The Independent has reported that the decision by bwin.party Entertainment governance to accept the £1.1 billion takeover offer by GVC Holdings has been thrown into fresh doubt as both operators have suffered declines in their share prices. The newspaper details that the total worth of the cash and shares deal for bwin.party now matches the bid value of …

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888 Holdings walks out of bwin.party takeover discussions

Following this morning’s announcement by bwin.party Entertainment governance, that it had selected GVC Holdings £1.1 billion takeover offer over its prior bid of £908 million, 888 Holdings governance has publicly announced that it has withdrawn from acquisition discussions. The withdrawal sees 888 ends its deal co-operation agreement (accepted on 17 July) with bwin.party governance. In a short statement, 888’s board concluded that …

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bwin.party accepts GVC’s £1.1 billion takeover offer

bwin.party Entertainment governance has accepted GVC’s £1.1 billion takeover offer, in preference of bid competitor 888 Holdings £908 offer. Following a review by bwin.party on the conditions of GVC’s cash and shares offer valued at 125.5p per share, bwin.party governance will now push to clear GVC bid as the best offer for its shareholders. Bwin.party Chairman Philip Yea said in …

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888 prepares improved bid for bwin.party

In its battle to win the takeover of bwin.party Entertainment from GVC Holdings, 888 is preparing to up its cash and shares offer for the operator in response to last week’s announcement that bwin.party governance would review the conditions of GVC’s bid. The increased bid by 888 Holdings has been made, despite bwin.party governance recommending its £908 million offer to …

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Strong sports betting performance drives GVC H1 revenues up 15%

London AIM listed igaming group GVC Holdings, the operator competing against 888 Holdings for the takeover of bwin.party Entertainment, today published its Interim H1 2015 results. Reporting to the market, GVC recorded a 18.6% increase in wagering to €824 million (H1-2014: €694 million) for the period. A strong H1 wagering performance would lead to improved performance throughout all core GVC …

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