• Information on the Bwin.Party Buyout Released

    23 July 2015

    Amaya bwin

    There has been a massive bidding war going on for a while now when it comes to the sale of Bwin.Party. 888 Holdings has been competing primarily against a join cooperation between GVC and the Amaya Gaming Group, and they've recently suggested a big deal that includes almost a two percent premium on the recent closing prize for Bwin.Party. Details about this deal and the offer that 888 has given, and it covers a fair number of things that players will want to be aware of.

    Impact on Players

    The big question so far has been the impact on the players. According to 888 Holdings, there would be no changes right away to any of the brands or operations that Bwin.Party is running. In fact, there seems to be a strong focus on keeping the services going smoothly for the players without any sort of interruption or problem with service. While they'll probably change some things around in the future, the key point here is that they want the transition to be a smooth one.

    Details on the Deal

    It looks like 888 Holdings and Bwin.Party are going to come to an agreement on this deal. For every share in Bwin.Party that's being purchased, the deal is to get 39.45 pence paid in a cash amount along with 0.404 new shares in 888 Holdings. This type of split between cash and stock is pretty common in acquisitions like this, and it's often the balance and amount of premium that determines the split.

    The valuation for Bwin.Party is coming in at just over £898 million for this deal, and that's worth just under $1.4 billion US. This is literally a ten-figure deal in US dollars, and it's hard to point out how critical that is because there aren't many ten-figure deals in the online gambling world. Even the enormous purchase of the Rational Group by the Amaya Gaming Group last year was only worth between one-third and one-half of that.

    Largest Companies in the World

    888 Holdings stands to become one of the largest gambling companies in history with this move, and it's a pretty big responsibility to have. We're going to see how it turns out for them, but if history tells us anything, it should tell us that 888 Holdings will handle this pressure extremely well.

    Related News

    • 13 April 2019

      Red Tiger Sees Portfolio Debut at 888 Casino

      888 Casino has just announced that players will now be able to access Red Tiger Gaming's entire portfolio of award-winning slots through their newest partnership with the company. A Match Made in Heaven This is an exciting announcement for both 888 Casino and Red Tiger Gaming. This partnership has been highly anticipated by 888 Casino players, and it benefits both companies significantly.

      Read full article
    • 18 March 2019

      NetEnt Obtains Pennsylvania License

      NetEnt has recently announced that its subsidiary, NetEnt Americas LLC, has been given a conditional license so that the company can distribute its extensive portfolio of games to the newly regulated Pennsylvania market. NetEnt Expanding Its United States Reach NetEnt has already been granted a full license to operate in the state of New Jersey.

      Read full article
    • 09 January 2019

      United Kingdom License Awarded to Red Rake Gaming

      A license in the United Kingdom is one of the most important things that a casino software company can have. They are known for being one of the strictest jurisdictions out there, and they hold developers and operators accountable on a level like virtually no other. This is why it's such a big deal that Red Rake Gaming has received their license to operated in the UK. Batches of Games

      Read full article