GVC Holdings is said to be considering increasing its offer to acquire online gaming operator bwin.party. As reported by iGaming Business, GVC has put forward a number of bids in an effort to take ownership of bwin.party. GVC’s most recent offer came earlier this month, with the 122.5-pence-per-share bid valuing bwin.party at approximately £1 billion (€1/4 billion/$1.6 billion). However, with the company still facing competition from preferred bidder 888, the Times newspaper has reported that GVC could increase its offer once again to 130 pence per share, valuing bwin.party at approximately £1.1 billion. The newspaper reported that GVC’s board will…

Online poker operator 888 Group believes it is still at the table in the battle for the online gaming company Bwin.party. 888 Poker runs a popular website as well as online casino gaming, has arranged a meeting with Bwin this week. The move comes despite Bwin’s board declaring last week that a rival offer from GVC and Canadian poker giant Amaya was its preferred option. After that announcement, GVC chief executive Kenny Alexander, told City A.M. he was “just days away” from completing the deal. A spokesperson for GVC yesterday downplayed the challenge from 888, telling City A.M.: “We have…

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…

Poker News – According to a report by GamingIntelligence, bwin.party CEO Norbert Teufelberger and former bwin CEO Manfred Bodner have been acquitted of Internet gambling charges in France. Last month, Teufelberger and Bodner were charged with violations that dated back more than a decade when the online gambling group offered betting services to France’s citizens. The charges included violating French law by offering iGaming products and receiving bets on sporting events and horse racing, as well as advertising to French players between 2003 and 2005. Although the original complaints by French monopoly operators La Française des Jeux (FDJ) and Pari-Mutuel…

iGaming Business – Dragonfish, the independent business-to-business arm of 888 Holdings, has signed a four-year extension to its supply agreement with Cashcade, the internet bingo subsidiary of online gaming operator bwin.party. Under the deal, bwin.party bingo brands such as Foxy Bingo and Cheeky Bingo will continue to run on the Dragonfish bingo platform. Yaniv Schwartz, senior vice-president, head of Dragonfish, said that the company was “delighted” to have extended the “long-standing” agreement. “This will allow bwin.party’s customers to continue to enjoy the Dragonfish bingo platform’s rich set of content, unmatched mobile proposition and entertaining features,” Schwartz said. Golan Shaked, director…