Tag Archives: Philip Yea

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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Institutional investors sell 6% stake in bwin.party

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 …

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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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bwin.party in advanced discussion with potential buyers

Having announced no corporate growth in its 2014 full year performance this Wednesday, bwin.party governance has revealed that it has received several offers from interested parties in buying its business divisions or all of the Company. Non-Executive Chairman Philip Yea stated that the company was in advanced discussions with potential buyers, but neglected to give further insight on how many …

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bwin.party shares tumble due to failed acquisition talks

Friday 13 February marked a black day for Gibraltar based operator bwin.party, who lost almost 20% of its FTSE value as news reached traders that corporate suitors were no longer interested in its business. The FTSE 250 listed igaming and sports betting operator would see its shares take a hit of 18.95P to 83.55p by end of trading on Friday …

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Yea & Teufelberger outline strategy for bwin.party recovery

Having reported a revenue decrease of 7% in their H1 2014 interim results, bwin.party Chief Executive Norbert Teufelberger and company Chairman Philip Yea outlined key criteria for the operator’s recovery. The company directors pinpointed to a restructuring of bwin.party senior management, with a view to bring in fresh ideas and new approaches which will aid the operator in saturated markets. …

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bwin.party denies rumours of plans to sell assets

Amid business rumours that igaming operator bwin.party were looking to sell various business assets of their igaming network, bwin.party senior management issued the below statement to quash the rumours. “Since his appointment as Chairman last month, Philip Yea has been working with the executive management team on ways in which the Group can increase shareholder value, however we can confirm …

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bwin.party seeks three new directors ahead of governance restructure

bwin.party announced last Friday direct changes to its corporate governance set-up, as the operator looks to hire three new independent directors. Following an independent board evaluation carried out by governance consultancy Linstock Limited, bwin.party announced that it would be seeking new independent directorship, to aid the operators future digital strategies and market growth. The operator review of director management had …

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Philip Yea appointed as bwin.party chairman

Bwin.party announced the appointment of Philip Yea, former CEO of private equity and debt management financiers – 3i Group plc. Yea is set to replace Simon Duffy, who the operator had announced had stepped down from the position in a December trading update. Yes appointment as Chairman of the operator has been met with positive reaction. The Ft.com labelled the …

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