GVC’s takeover of Bwin.Party to complete in Feb

Bwin.Party has confirmed that GVC Holding’s £1.1 billion (US$1.6 billion) takeover of the online operator will complete on Feb 1, 2015, pending approval from the Court of Gibraltar, according to Intergame.

The update concluded: “Based upon recent trading performance, the forthcoming Euro 2016 [football championship] and the full-year benefit of cost savings already achieved in 2015, the board believes that the group’s prospects are strong, and these will be enhanced yet further by the proposed combination with GVC Holdings.”

For the full article: http://www.intergameonline.com/i-gaming/news/15085/bwin-and-gvc-name-the-date