G.v.c. May Take Another Crack At Acquiring Bwin.party
By Casinomeister, Last updated Jul 24, 2015
But it will require a major round of fund raising
The British media reported Monday that GVC, thwarted in its attempt with Amaya Gaming to acquire Bwin.Party Digital Entertainment (see previous InfoPowa reports) is mulling a solo re-offer despite the apparent preference by Bwin for the 888 Holdings bid.
But going it alone without Amaya's cash will entail a major fund raising drive, which GVC is reportedly exploring with institutional investors, according to a Reuters report.
Online casino and poker firm 888 has announced that a deal worth GBP 898 million has been reached with Bwin.Party, lower than a rival GBP 908 million-pound bid from GVC and its Canadian partner Amaya Inc.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
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