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Bwin / PartyPoker Up For Sale
Wednesday November 12,2014 : BWIN.PARTY UP FOR SALE (Update)
Various options on the table
bwin.party digital entertainment has confirmed media speculation that it has entered into preliminary discussions with "a number of [undisclosed] interested parties regarding a variety of potential business combinations with a view to creating additional value for bwin.party shareholders".
Activist investor Jason Ader has been pressuring the Board for some time, through his Spring Owl investment vehicle, calling for a board shake-up, cost cutting measures and an improved growth strategy
While the company emphasised that any discussions remain at a preliminary stage and may or may not result in an offer being made for the Company, the Financial Times speculates that Amaya Gaming Group may be a major suitor, but a London Evening Standard report is betting on Playtech being at the table.
Playtech issued an update Wednesday saying it had placed “€297m of senior, unsecured convertible bonds due 2019”. The net proceeds of which it said will be "used for pursuing acquisitive and organic opportunities for Playtech in line with its strategy."
bwin.party shares reacted positively to the announcement rising almost 17 percent to 126 pence.
Gambling News :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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