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GVC Confirms Bwin/Party Bid
Tuesday May 19,2015 : G.V.C. CONFIRMS AMAYA PARTNERSHIP IN BWIN PARTY BID (Update)
Bid to be jointly financed by Amaya and GVC.
GVC Holdings issued a press statement Tuesday morning confirming that its acquisition bid for Bwin Part Digital Entertainment is in partnership with the Canadian online gambling group Amaya Inc.
"GVC confirms that the execution of this proposal would be jointly financed by GVC and Amaya, Inc.," the statement advises.
Amaya as at the close of business on 15 May 2015 had a market value of approximately CAD $4.31 billion and is the Toronto Stock Exchange listed owner of gaming and related consumer businesses, with brands including PokerStars, Full Tilt and the European Poker Tour.
London media reports, quoting sources close to the GVC-Amaya initiative, said that the combined offer would involve a new company, which will be created for the purposes of the deal with GVC shares and Amaya cash. If the bid is successful, this new vehicle would purchase Bwin.
Following a possibly two-year turnaround and restructuring project, to be led by GVC management, the new company would sell off Bwin’s assets.
The sources speculated that GVC would purchase the sportsbook, while Amaya would buy the online poker business. Alternatively, the new-look company could be spun off and sold into the wider marketplace.
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 -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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