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888Holdings revised bid for Bwin-Party
Tuesday September 01,2015 : 888 HOLDINGS IN NEW BID FOR BWIN.PARTY
Bwin board set to consider new proposal.
Coinciding with the end of the British August bank holiday, 888 Holdings issued a new statement Tuesday on a revised bid for Bwin-Party, which Bwin has confirmed it has received and is studying, along with the latest offer from GVC Holdings
For now, Bwin says that its directors' unanimous recommendation of the 17 July 888 offer of GBP 898.3 million in cash-and-paper offer still stands, but that it is to consult with key shareholders on the new bids.
Details of the new 888 Holdings bid, which is subject to unspecified and reversible pre-conditions, have not been disclosed.
The Telegraph newspaper says that GVC is understood to have made its latest bid on Friday evening.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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