Tag Archives: kenneth alexander

GVC Holdings faces multi-million $ lawsuit for failure of Canadian partnership provisions

London AIM listed gambling group GVC Holdings is reportedly facing a multi-million dollar legal claim by Canadian entertainment consultancy 37 Entertainment which has accused it of reneging on a deal as a result of its involvement in the £1bn takeover bid for bwin.party Entertainment. 37 Entertainment (37E) claims that GVC had agreed terms to launch a 50-50 partnership targeting the …

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GVC Holdings ups bwin.party takeover bid to £1 billion

Following last week’s announcement that it would consider its options regarding its acquisition bid for bwin.party entertainment, GVC Holdings has tabled a £1 billion takeover offer to snatch the operator from 888 Holdings. Having ended its bwin.party special purpose acquisition vehicle with Toronto Listed Amaya Inc which offered an initial£908 million for the operator. GVC has secured deal funding for …

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GVC Holdings reports record revenue performance for H1 2015

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 …

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GVC Holdings confirms acquisition bid for entire bwin.party assets

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 …

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GVC speculates at potential bwin.party acquisition

Following this week’s announcement of record breaking corporate performance with EBITDA earnings of €49 million, gambling investment firm GVC Capital has been speculated as a potential acquirer of operator bwin.party. Throughout 2014, bwin.party has been subject to speculation of a takeover or a sale of its individual business assets. This March bwin.party Chairman Philip Yea confirmed that the operator had …

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GVC Holdings records + 217% profit increase in 2014

GVC Holdings operating firm of Sportingbet, Casino Club and Betboo brands, reported its preliminary results for 2014, recording key growth in all top line performance metrics. In 2014 the operator had recorded increased player wagering which brought gross revenues up to €1.47 billion (FY 2013: €1.1 billion). The improved player wagering transferred to a 32% increase in net gaming revenues …

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GVC Holdings reports record December as corporate revenues and margins rise

GVC Holdings operating company of sports betting brands Sportingbet, Casino Club and betboo reported to its shareholders that its 2014 ended strongly with gaming revenues exceeding €20.3 million for the month of December. In a short Q4 2014 announcement, GVC stated a record level of sports betting turnover during the period, which helped them post a Net Gaming Revenue (NGR) …

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GVC Holdings confident of hitting targets after strong Q4 2014 performance

GVC Holdings PLC controlling company of sports betting and igaming brands Betboo, Sportingbet and Casino Club, stated that it was confident of hitting its raised market expectations having published a strong performance for its latest Q4 2014 results. The operator had seen recorded improved sports wagering during the quarter up 12% on Q4 2013 figures (see performance chart below).  GVC …

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