27 Jul 2015 09:52
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Don't have an account? Click here to register.Bwin.party ends year on high ahead of takeover
Tue, 05th Jan 2016 07:16
(ShareCast News) - Bwin.party ended its financial year on a high, ahead of its final results and takeover by GVC Holdings.The FTSE 250 online gambling company, in a market update on Tuesday, said its fourth quarter net revenue was up 5% on the previous year, driven primarily by sports betting and casino games through mobile channels.Bwin.party said EU VAT, introduced in some of its main markets in a year ago, did have an impact on the company, and without it the growth in net revenue would have been 8%.The firm was also looking forward to a payment of approximately €10m through the sale of Visa Europe to Visa International. Bwin.party's subsidiary Kalixa Payments is a principal member of Visa Europe.Bwin.party is scheduled to be acquired by AIM-listed GVC Holdings on 1 February, after shareholders approved all recommended resolutions surrounding the deal at an extraordinary general meeting on 15 December 2015.The acquisition still required the approval of the courts in Gibraltar, pending which shares in the new GVC group were expected to be admitted to the London Stock Exchange at 0800 GMT on 2 February."Based upon recent trading performance, the forthcoming Euro Championship in 2016 and the full year benefit of cost savings already achieved in 20156, the board believes that the group's prospects are strong, and these will be enhanced yet further by the proposed combination with GVC Holdings", the board said in a statement.
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27 Jul 2015 08:56
GVC raises offer for Bwin.Party
(ShareCast News) - GVC Holdings confirmed on Monday that it has raised its offer for Bwin.party Digital Entertainment following the company's acceptance of a recent bid from 888 Holdings. Under the new terms of the offer, Bwin shareholders would be entitled to receive 122.5p for each Bwin share, con
Read more27 Jul 2015 07:38
BUZZ-Bwin.party: GVC sweetens bid proposal to about 1 bln stg
** Gambling firm Bwin.party Digital Entertainment up c.3pct & among top gainers on FTSE 250 after smaller peer GVC Holdings returns with higher c.1 bln stg bid ** GVC's proposal comes after its earlier 908 mln stg bid was spurned by Bwin in favour of a lower 900 mln stg offer from 888 Hold
Read more27 Jul 2015 07:30
27 Jul 2015 06:35
Gambling firm GVC raises bid for rival Bwin.party to $1.55 bln
July 27 (Reuters) - Online gambling firm GVC Holdings Plc has made a new offer of about 1 billion pounds ($1.55 billion) for peer Bwin.party Digital Entertainment, which recently accepted a bid from 888 Holdings Plc. GVC said under its offer Bwin.party shareholders would get 122.5 pence fo
Read more26 Jul 2015 16:20
Sunday newspaper round-up: Bwin.party, Scotland, Greece
(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for
Read more26 Jul 2015 16:20
Sunday newspaper round-up: Bwin.party, Scotland, Greece
(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for
Read more24 Jul 2015 10:07
UPDATE 2-Ladbrokes and Gala Coral team up for online betting push
* Merged group will be biggest UK high street bookmaker * Aims to generate cash to enlarge online operations * Regulation and higher taxes drive deals in industry (Writes through, adds quotes, details) By Neil Maidment LONDON, July 24 (Reuters) - Bookmakers Ladbrokes and
Read more21 Jul 2015 09:23
UPDATE 1-Online gambling firm GVC could have another go at Bwin
(Adds analyst, company comments; share movement, background) By Mamidipudi Soumithri July 21 (Reuters) - Online gambling firm GVC Holdings Plc could make another attempt to buy peer Bwin.party Digital Entertainment, just days after Bwin accepted a 900 million pound ($1.4 billion)off
Read more21 Jul 2015 08:51
GVC considering options over Bwin
(ShareCast News) - GVC Holdings is considering its options regarding a bid for Bwin.party Digital Entertainment after the company agreed to 888 Holdings' offer last week. "There can be no certainty that an offer for bwin.party will be made by the company. However, the GVC board confirms that it is c
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