• GVC Holdings Vote Coming Over Bwin.Party Acquisition

    10 December 2015

    Gvc decision

    Big business deals happen fairly often in the online gambling industry, but there's been one this year that stands out among all of the rest. The acquisition of Bwin.Party by GVC Holdings was the result of a massive bidding war against 888 Holdings, and it was one of the most entertaining stories of the year from the larger industry as a whole. Now this is finally coming to a close since GVC shareholders are set to vote on accepting the acquisition.

    Satisfying Shareholders

    Everything in the corporate world comes down to shareholders because they are the ones who effectively own a company, and they are the ones who effectively make the final decisions about certain major actions. This acquisition of Bwin.Party is one of them.

    Kenneth Alexander is the chief executive of GVC Holdings, and he made a statement that he believes they'll have no problem getting the acquisition through because of GVC's history of reviving companies that have underperformed in the recent past. He's completely right about this point, and it'll be unlikely to see any serious objections come up at all.

    Result of the Takeover

    With the takeover all but a sure thing, the online slots and online poker worlds are likely to see a little bit of shifting. These companies are known for their offerings in the former, though not so much the latter, but with PokerStars shooting themselves in the foot repeatedly thanks to the Amaya Gaming Group, there's a good opportunity to swoop in and take up a significant portion of the market. The timing of this takeover will make it interesting to see if they're ready and willing to take advantage of the state of the online poker world.

    Looking to the Future

    Until the takeover is completed, we really have no idea what their plans will be for Bwin.Party. Whether they try to revive their online poker work or if they will simply strip them down to boost efficiency remains to be seen. The only thing we do know is that this was a nine-figure deal, so they obviously have some serious plans about what to do with the company, and many in the industry are anxiously waiting to see what it is that they have in store.

    Related News

    • Games global finalizes acquisition of microgamings distribution business

      Gambling News

      Games Global Finalizes Acquisition of Microgaming’s Distribution BusinessIvan Stefanovic06 May 2022

      With its official launch, Games Global (GG) has cemented its position as one of the leading providers of gaming content and technology in the industry. Not only does the company's large portfolio of game titles and customer base set it apart from its competitors, but it is also bolstered by its recent acquisition of Microgaming's distribution business and game IP.

      Read full article
    • Stakelogic acquired hurricane games

      Gambling News

      Stakelogic Acquires Hurricane GamesIvan Stefanovic15 June 2021

      Stakelogic has announced its second acquisition in just a few weeks’ time. This time, the Malta-based provider has acquired innovative slot provider, Hurricane Games, as part of an ongoing plan to improve and develop its internal development capabilities. The Greenlogic development partnership program was implemented to strengthen the group's potential. Hurricane’s team will be supported by technical freedom and will continue to design and develop amazing games.

      Read full article
    • Everymatrix expands front end division with totoit team

      Gambling News

      EveryMatrix Strengthens Front-End Division with TOTOIT Team09 October 2020

      EveryMatrix, digital online gaming provider, declares purchase of Thailand provider TOTOIT. Both companies have been cooperating together for many years, working on various projects. The Thai provider’s major focus is on front-end solutions, websites using the newest technologies available on the market. It will merge with EveryMatrix’s team of front-end developers to help the provider's best clients build and design the finest websites on the market.

      Read full article