888 Holdings

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    888 fined for faulty self-exclusion system

    Online gambling giant 888 has been fined a record GBP 7.8 million (US$10 million) for allowing 7,000 self-excluded customers to continue playing over the course of 13 months. According to local media, the Gambling Commission found that a “technical failure” in the operator’s’ system allowed these vulnerable players to continue accessing their accounts and playing. […]

    PokerStars to quit Australia in mid September

    PokerStars will leave the Australian market in September after the Senate passed a bill earlier this month that bans all remote operators from offering online poker and in-play sports betting to Australian clients. The operator told clients in an email of its decision, but did not name the exact date that it will no longer […]

    GVC says it will only re-bid for bwin.party if 888 increases offer

    Having placed its takeover bid past the £1.1 billion ($1.7 billion) mark, GVC Holdings could “walk away” from its ongoing battle with 888 Holdings for bwin.party Entertainment, according to UK media. Speculation has been rife regarding the takeover of bwin.party and its two bidding rivals GVC and 888. Last week The London Times reported that […]

    GVC considers upping bwin bid to 130p

    London AIM listed operator GVC Holdings is considering an increase to 130p ($2) per share for its takeover bid of bwin.party Entertainment, the London Times reported. The bid increase would represent GVC’s third attempt at luring bwin.party away from bid leader 888 Holdings, who has offered a takeover deal valued at £908 million. On 7 […]

    888 chairman Brian Mattingley wants fair fight for bwin.party

    888 Holdings Chairman Brian Mattingley said he remains confident that his firm would win in its pursuit of bwin.party Entertainment, against the increased takeover bid of GVC Holdings. Mattingley who replaced executive chairman Richard Kilsby in May, told the UK newspaper The Times  that he expects a clean and fair fight for bwin.party operations, as […]

    Ader’s Springowl tells GVC Holdings to increase its bwin.party bid

    New York activist investor Jason Ader has suggested that GVC Holdings Plc will need to increase its 122.5p ($1.91) per share offer in order to succeed in its takeover bid for bwin.party Entertainment. Ader’s investment fund Springowl, which owns 5.2 percent of bwin.party, has stated that GVC Holdings and its bid backer Cerberus Capital Management […]

    GVC Holdings ups bwin.party takeover bid to £1 billion

    Following last week’s announcement that it would consider its options regarding its acquisition bid for bwin.party entertainment, GVC Holdings has tabled a £1 billion ($1.55 billion) takeover offer to snatch the operator from 888 Holdings. Having ended its bwin.party special purpose acquisition vehicle with Toronto Listed Amaya Inc which offered an initial £908 million for […]

    GVC considers options regarding bwin.party bid

    GVC Holdings is considering its options regarding its takeover bid for bwin.party Entertainment, after the FTSE listed operator announced last Friday that it had agreed a deal with acquisition competitor 888 Holdings. In a statement GVC governance commented that there was no certainty that it would make a fresh bid for bwin.party. GVC, which had […]

    888 trumps GVC with $1.4 billion bid for bwin.party

    c by agreeing a deal to buy fellow operator bwin.party for £898.3 million ($1.4 billion). The deal was announced to the stock market this morning. It’s a huge achievement for the casino operator, given that before the announcement 888 had a market capitalisation of approximately £570.8m. 888 believes that the deal will provide significantly enhanced […]

    888 prepares final approach for bwin.party

    This week marks a crucial chapter in the battle for bwin.party Entertainment, as industry analysts expect 888 Holdings to counter the £906 million reverse takeover offer put forward by GVC Holdings. At present GVC are thought to be front runners in the acquisition, as last week bwin.party governance confirmed the £908 million cash and new […]

    bwin.party confirms GVC Holdings acquisition bid

    Gambling group Bwin.Party Digital Entertainment, at the center of a takeover battle between its rivals, said GVC Holdings had offered to buy it in a cash and stock deal valued at 908 million pounds ($1.4 billion), according to Reuters. GVC’s proposal could increase the chances of a bidding war with rival 888 Holdings, which made […]
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