• GVC Increases Its Bid for Bwin.Party Yet Again

    27 August 2015

    Bwin.party offices

    We've seen bidding wars over company buy-outs in the online gambling world before, but we've never really seen anything like what's happening over the sell of Bwin.Party. 888 Holdings and GVC have been in a massive bidding war for months over the company, and GVC has increased its offer yet again. The new offer is worth a total of about £1.1 billion, a tremendous increase from its original offer of £1 billion that was made in partnership with the Amaya Gaming Group.

    Where is Amaya?

    One question that's coming from this increased bid has to do with the position of Amaya in all of this. They were originally partnered with GVC on the first bid, but they haven't really been mentioned on the past two. When you combine this with the fact that Amaya was involved in one of the biggest deals of 2014 when they purchased the Rational Group (owner of PokerStars and Full Tilt Poker) and made Canada the center of the online poker universe, their absence is pretty suspicious.

    Enter Jason Ader

    A really interesting part of this equation is that Bwin.Party shareholder Jason Ader could be the source of some major resistance on this new bid. He's very insistent on a price of 140p per share, and the newest bid from GVC is only 130p per share. He could hold things up, and it's hard to tell what direction things are going to go in. With the way this bidding war has been going, however, they could very well end up exceeding that if 888 Holdings comes back with something stronger.

    Nature of the Bidding War

    What's happening right now is basically that 888 Holdings and GVC are giving competing offers for Bwin.Party, and stockholders are having to meet to decide which offer they want to take. While GVC is offering more upfront for the company, 888 Holdings seems to have a strategy based around giving more on the back end. It's not really clear which side has the upper hand right now, but with Ader adding a lot of pressure for upfront money, it would seem that GVC has the advantage (even if Amaya isn't in the picture).


    Related News

    • 11 February 2019

      Play'n Go Launches New Wind Falls Video Slot

      Play'n Go is no stranger to coming out with frequent releases, and their most recent title comes by way of Wind Falls. The basics of this game were announced a while back, and players have finally gotten to jump in on the action in this exciting slot with some innovative concepts tied into its feature set. What Wind Falls Brings to the Table The first thing you'll notice when you open up this game is that there's a waterfall that drops off just above the top of the reels.

      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
    • 30 December 2018

      Gambling Taxes in Italy See Big Jump, Playtech's Earnings Fall

      The taxes that gambling operators and software companies have to pay in a given jurisdiction are one of its biggest expenses. This means that even a relatively small shift in those rates can cause some major changes in what can be expected for business. This has recently been the case in Italy where their Senate has been working on a proposed budget for the following fiscal year, and this budget includes some unexpected increases to the taxes on gambling businesses.

      Read full article