GVC Partners with Amaya in Bid for Bwin

According to a statement from GVC Holdings on Tuesday, the company is jointly pursuing the acquisition of Bwin Part Digital Entertainment is in partnership with Amaya Inc.

"GVC confirms that the execution of this proposal would be jointly financed by GVC and Amaya, Inc.," revealed the statement.

Amaya brands include PokerStars, Full Tilt and the European Poker Tour.

Reports say that the partnership would involve a new company created specifically to handle the GVC shares and Amaya cash. If the offer is accepted, the newly formed company would buy Bwin.

After a possible two-year turnaround and restructuring project with GVC management at the helm, the new company would proceed to sell off Bwin’s assets.

There is also speculation that GVC would take over the sportsbook and Amaya would take control of the online poker business.
  • No avatar medium

    sharpe

    • Newbie
    • offline
    • 20
      thanks given
    • 5
      thanks received
    If this partnership between GVC and Amaya become reality they will definitely will have the best chances to acquire Bwin. There are some related news earlier in which were mentioned that other companies are interested too in Bwin like 888 but will be interesting to see who will make the best offer. Obviously GVC are desperate to close this deal.

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search
Search Results
39012170