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Bwin Party Share Buy Back
Thursday June 30, 2011 : Online gambling firm's trading performance in-line with expectations
bwin.party digital entertainment announced the commencement of a share buy-back programme and the sale of its Ongame network in a trading update released this week.
The company reported on its trading performance from the period beginning April 2011, which it says has largely been in-line with management expectations, with the exception of sports margins due to a favourable run of events for punters in May.
A formal process has begun to sell its Ongame B2B network and the firm expects the sale to be completed by the end of 2011.
bwin.party will also embark on a share buy-back programme of up to GBP 75 Million from existing cash resources. A similar move undertaken by both Betfair and Playtech in recent months.
The Board has adopted a progressive dividend policy commencing with a dividend of GBP 30 Million for the year ended 31 December 2011 and has said its merger integration is on-track to deliver GBP 55 million of annualised synergies by 2013
Gambling News :
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Final 12 For MPNPT Morocco -
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MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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