Tag Archives: springowl

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 …

Read More »

bwin.party appoints SpringOwl’s Silvers as non-executive director

bwin.party announced the appointment of Daniel Silvers as Non-Executive Director. The appointment of Daniel Silver came after last month’s announcement of board changes for the operator. Silvers currently serves as president of activist investor SpringOwl, as well as on the board of directors of India Hospitality Corp. Silvers has prior gambling experience having served on the board of directors for …

Read More »

Ader looks to shake up bwin.party with board replacements

Activist Investor Spring Owl, the investment vehicle that acquired 5.3% stake in igaming operator bwin.party , put fourth their selection of board representatives it feels will drive the operators performance forward. Spring Owl, headed by  investment and equity banker Jason Ader are currently the operators second largest investor after purchasing its bwin.party shareholdings at the start of 2014. Spring Owl’s …

Read More »

Activist investors could trigger Bwin.party break-up

Activist investors SpringOwl Gibraltar Partners B have agreed in principle to acquire 6.1 per cent of Bwin.party’s share capital, fuelling rumours that the company is on the verge of being broken up to realise value for shareholders. SpringOwl is buying the shares from Emerald Bay Limited and Stinson Ridge Limited, companies connected with Bwin.party founders Ruth Parasol DeLeon and Russell …

Read More »