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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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