Tag Archives: gvc holdings

bwin.party Entertainment the operator at the centre of a £908 million reverse takeover by GVC Holdings, issued a Q2 trading update (period ending 30 June). Giving insights into its performance bwin.party governance stated that igaming revenue was in-line with expectations, whilst sports betting turnover was ahead of expectations, despite margins being below normalised levels. The operators performance has been supported …

Having announced record corporate revenues in its H1 2015 trading update of + €800 million, sports betting group GVC Holdings issued an activity warning regarding its Greek market operations. GVC which has a Greek market presence through its partnership with Centric Multimedia SA, stated that following imposed government controls of monetary restrictions on movements of funds within Greece, its operations …

bwin.party Entertainment governance have confirmed the GVC Holdings reverse takeover offer of £908 million ($1.4 billion) for its entire business operations. The operator’s governance is set to work with GVC in order to formalise the deal which it will present to its shareholders in order to proceed with its acquisition. The deal is set to compromise of a cash sum …

The Financial Times has reported that GVC Holdings Plc is prepared to offer £900 million ($1.3 billion) to acquire rival bwin.party Entertainment. The deal is set to compromise of a cash sum valued at 110 pence per share combined with a new stock issuance in the merged operator. . As bwin.party is the bigger business entity, the acquisition will be …

Online gambling group GVC Holdings the operator at the centre of a potential bwin.party reverse takeover announced its H1 2015 trading update. The London AIM listed firm reported that it had increased wagering revenue by 19% to €823 million (H1 2014: €690 million). Its strong wagering performance transferred to an increase in Net Gaming Revenues (NGR) of €120 million up …

bwin.party Entertainment institutional investors Emerald Bay and Stinson Ridge are preparing to sell up to 50 million shares in the London FTSE online gambling operator. The large scale share sale by the investors represents a 6% stake in bwin.party. The news of the investor sale, saw bwin.party share price fall 11p to 94p (impact-10%). bwin.party governance stated that it was …

UK newspaper, The Daily Telegraph has reported that bwin.party CEO Norbert Teufelberger could cash in up to €24 million (£17 million) on the sale of the company to its interested suitors. The newspaper has reported that Teufelberger holds a reported 13 million shares in bwin.party plc stock, with a further 9.2 million in company share options. According to the Daily …

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 …

UK business news sources have reported that 888 Holdings are preparing a £1 billion takeover of igaming and sports betting operator bwin.party. The news, follows last Friday’s media conformation by rival operator GVC Holdings of its acquisition interest in purchasing bwin.party entertainment in its entirety. The 888 bid would likely be treated as a reverse takeover as bwin.party has a …

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 …