G.V.C. MAY TAKE ANOTHER CRACK AT ACQUIRING BWIN.PARTY


Tuesday July 21,2015 : G.V.C. MAY TAKE ANOTHER CRACK AT ACQUIRING BWIN.PARTY
 
But it will require a major round of fund raising.
 
The British media reported Monday that GVC, thwarted in its attempt with Amaya Gaming to acquire Bwin.Party Digital Entertainmentis mulling a solo re-offer despite the apparent preference by Bwin for the 888 Holdings bid.
 
But going it alone without Amaya's cash will entail a major fund raising drive, which GVC is reportedly exploring with institutional investors, according to a Reuters report.
 
Online casino and poker firm 888 has announced that a deal worth GBP 898 million has been reached with Bwin.Party, lower than a rival GBP 908 million-pound bid from GVC and its Canadian partner Amaya Inc.