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Big Money Bids For Bwin TakeOver
Monday May 18,2015 : BIG MONEY IN BWIN BIDS (Update)
Amaya, GVC and 888 all reportedly involved in attempted acquisition offers.
The Reuters news agency has updated the available information on the projected sale of Bwin Party Digital Entertainment, reporting that around $1.7 billion could be involved in attempts to take the company over.
In a new report, the news agency reports that the much-publicised GVC Holdings Euro 1.5 billion bid is in concert with Canada's Amaya Inc., and consists of cash and GVC shares.
Earlier today (Monday) 888 Holdings advised that it intended to make a bid for Bwin Party, setting the scene for a bidding war. 888's offer has not so far been disclosed.
The acquisition interest has provided a boost for the Bwin share price, which was up almost 8 percent midday Monday.
Reuters puts GVC's market value of about $440 million, 888 of roughly $947 million and Amaya of around $3.6 billion.
GVC is no stranger to joint acquisition projects; in 2013 the company partnered with William Hill plc to take over Sportingbet - William Hill took the Australian and Spanish operations of the company, with GVC taking on the rest of its business.
Amaya has not commented on the speculation that it is in a deal joint acquisition move with GVC.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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