Shareholders Agree to Bwin.Party Acquisition

The acquisition of Bwin.Party Digital Entertainment has been hanging in the balance for months and it seems that a decision has finally been reached. GVC Holdings’ bid for the purchase was accepted by shareholders on both sides and will see both companies merge under the name of GVC.

Both companies issued statements on Tuesday noting that the acquisition is pending the satisfaction or waiver of specific conditions including the sanctioning of the Scheme Document by the Supreme Court of Gibraltar in a hearing scheduled for 29 January 2016.

"Subject to receiving the sanction of the Court on that date, the Scheme is expected to become effective on 1 February 2016, with admission of the GVC Shares to the Standard Segment of the Official List and commencement of dealings in GVC Shares on the Main Market expected to take place on or around 8.00 a.m. on 2 February 2016," the statement reads.
  • Jade lcb

    jade

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    Mergers just like this one have been a top priority in the gambling industry for some time now, but something about this one has been different from the very beginning. Several others, just like GVC have gone down this same road with Bwin.Party and then dropped out at the very last minute. Even GVC has previously backup a couple of times from this merger. My question would be, why now and who is really gonna benefit in the long run.
  • Index

    righton

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    I'm as Scottish as Irn bru
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    I think in the case of casino companies mergers are always a good thing because 1/Risk to go bust is lessened 2/new customers from each of the merged casinos will bring in new clients.3/ New software can be bought to give the client a better casino experience and 4/ It freshens up the casinos in general and allows bigger prizes.
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    OOPaloo

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    It sounds like internet gaming is big business and ironically--from the informative comment made by okotomi1--as if the shareholders are the big winners in this merger game. But it could also be true that the companies are successful because they offer a good product, which might be made even better by the merger. From that optimisitic point of view, maybe everyone will win something from this deal,
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    okotomi1

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    Bwin.Party and GVC will become ONE company from February 2nd 2016 and this company will be named GVC. Probably a good thing for the players. Bwin has problems for years and I hope that they will improve. Bwin and Party are trade marks and the platforms will exist under the same name, just the company Bwin.Party will be gone by this date. If you are more intersted, the shares of GVG developed very good in the last 4 years, making a good 350% performance since 2011. If you have had invested 100.000$, you will be having 450.000$ by now. Apparently the shareholders trust the company and said YES to the acquisition. Well, I think this is a good thing in terms of gambling.
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    CATLICKER

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    I really have no idea if this is good or bad for players. I'm guessing this is a good thing. lol Maybe one of our members can give a brief explanation of this transaction, in lay mans terms.

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