Bwin.party Asks For Clarity On G.v.c. Latest Bid

New statement confirms Bwin board now satisfied with key aspects of the GVC proposal

In the ping pong game that the Bwin-Party – GVC Holdings takeover negotiations appears to have become, the former company issued yet another statement Thursday, confirming that "…key aspects of GVC's proposal have now been addressed to bwin.party's satisfaction," but advising that it is now asking GVC for clarity on the best terms on which GVC is prepared to make a formal offer.
Bwin continues to caution that there can be no certainty that an offer will be made by GVC for bwin.party, and advises that rival bidder 888 Holdings plc has been informed of the latest developments and will, if appropriate, will be given due notice in the event that bwin.party proposes to recommend an offer from GVC.
"Bwin.party's directors' unanimous recommendation of 888's offer, that was announced on , is unchanged by this announcement," the statement notes, saying that it expects to give a further update on Tuesday, 1st September 2015.

Online Casino News Courtesy of Infopowa

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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 astrophography.
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