The race to acquire their rival online gaming operator looks to be over, as 888 acquires bwin.party after agreeing a cash and stock deal worth approximately £898.3 million (€1.3 billion/$1.4 billion). As reported by iGaming Business, 888 earlier this week confirmed it was to launch a last-ditch effort to acquire bwin.party, despite GVC Holdings having already put forward an offer for the operator. GVC, in partnership with Amaya Gaming, submitted an offer of 110 pence per share, a bid that valued the company at approximately £900 million. Despite bwin.party having responded positively to the bid, stating that it would work…

bwin party has confirmed reception of GVC’s acquisition offer this morning, the latter also stated it had approached bwin party with an offer at 110p per share, valuing the business at around €900m (€1.3bn/$1.4bn). bwin party’s announcement confirms media reports published earlier in the week, both groups said they would now work together to secure “acceptance of its (the) proposal and, in turn, making an offer to bwin.party shareholders”. GVC submitted the offer in partnership with Amaya Gaming, which it earlier confirmed it had been working with in order to complete a reverse takeover of bwin.party, although rival operator 888 is also said to…

Online gaming operator 888 has revealed that is has made an offer to acquire the entire issued and to-be issued capital of rival company bwin.party. The operator said in a statement that the acquisition would comprise cash and 888 shares. Further development occurred this morning when Mark Kleinman, City editor at Sky News, tweeted that a joint Amaya-GVC bid could be on the cards, with Amaya taking bwin party’s regulated poker and casino business while GVC took over the sportsbook  side of the business. But if an agreement looks near-certain to be signed off by shareholders, it will be the workings of the…

Casino.org – Bwin – the world’s largest online publicly traded betting site – says it expects to return to a period of sustainable growth following a difficult year, which saw revenue across all gambling operations tumble 19 percent to €652.4m ($908,623,000). The company blamed several factors for the slump, such as ISP blocking in Greece, the decline of the poker market in France and Italy, and the migration of players to its new technology platform in December 2012. Poker, in fact, was a significant disappointment. Despite the launch of its new poker site with Atlantic City land-based casino Borgata and…

From iGaming Business Online gambling firm bwin is set to be the official betting partner for French football club Olympique Marseille next season. According to reports from the French media, the Ligue 1 soccer club is yet to formally announce the new partnership but has already started promoting bwin-related offers on its official website. French online betting market leader Betclic was the club’s shirt sponsor until it was replaced by Intersport in 2012 following Betclic’s decision to restructure the company and cut costs at the end of 2011. The new deal will not see bwin serve as the shirt sponsor…