bwin party

888 confirms Bwin Party bid

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…

Chevron to sue PartyGaming founder

iGaming Business – US oil giant Chevron has been given the go-ahead to sue PartyGaming founder Russell DeLeon as part of a 20-year legal battle between the oil company and Steven Donziger, a US lawyer representing Ecuadorian nationals in a pollution case against Chevron. Bloomberg Business Week reports that a judge in Gibraltar, where PartyGaming (as it was then known) is licensed and DeLeon relocated to from the US in the early 2000s to run the business with co-founders (and ex-wife) Ruth Parasol, Anurag Dikshit and Vikrant Bhargava, has “ruled that Chevron can proceed with a lawsuit seeking unspecified damages…