Tag Archives: kenneth alexander

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Ahead of its Annual General Meeting, GVC Holdings Plc has issued a trading update for its opening four month performance of 2015 (120 days period ending 30 April). The operating firm of Sportingbet, Casino Club and Betboo brands has recorded average daily net gaming revenues (NGR) of €658,000, up 17.5% on €560,000 on the comparable period of 2014 Giving insight …

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 …

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 …