bwin.party takeover talks, Amaya bids - Page 4 - Poker News

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bwin.party takeover talks, Amaya bids

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07-17-2015 , 05:11 AM

#76

NerdSuperfly

veteran

Join Date: Nov 2010 Posts: 2,172

Quote:

Originally Posted by ArtyMcFly

William Hill and smaller rivals will not be pleased, so there will be more mergers/takeovers in the industry soon.

well, it's the nature of the market ... there's not enough room for too many competitors. William Hill tried to buy 888 in February, so it will be interesting, if they try to take over another company

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07-17-2015 , 06:21 AM

#77

SootedPowa

Pooh-Bah

Join Date: Jun 2013 Posts: 3,939

Ladbrokes and Gala are in the process of merging as well in the UK

Quote

07-18-2015 , 09:23 AM

#78

CRUDEFINDER

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 6,245

With all of the 2nd amendment folks saying the gay marriage ruling opens the door for people to be able to carry weapons in all states (?), wouldn't this also mean people who live in any state should be able to play poker on sites like 888 in New Jersey?

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07-18-2015 , 09:45 AM

#79

TheDefiniteArticle

Indecisive

Join Date: Feb 2012 Posts: 14,125

Quote:

Originally Posted by CRUDEFINDER

From the little I've seen (UK resident), the people making the 2nd amendment argument are bat**** insane, so I wouldn't worry about it.

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07-18-2015 , 10:37 AM

#80

restorativejustice

veteran

Join Date: Aug 2014 Posts: 2,753

Quote:

Originally Posted by SootedPowa

Agree with everything you say. As someone else said bwin are a nut low when it comes to sportsbooks, I wouldn't trust them with a penny of mine. 888 are not much cop either imo so they are welcome to each other. Regardless, I hope the regulated USA sites do well from this.

For whatever reason, I have never lost a sports bet that I found myself making on 888 (after shopping around for odds). Also never had a problem getting paid. Consolidation in this industry can probably help poker players as it gives Stars a competitor that it has to take seriously and hurt sportsbook gamblers as it reduces the line alternatives.

Quote

07-20-2015 , 06:15 PM

#81

OPReport

journeyman

Join Date: Aug 2011 Posts: 230

Minor updates on this story:

GVC considering submitting an improved offer for bwin.party (EGR, $)

Quote:

GVC Holdings looks set to table an improved offer to acquire bwin.party in a bid to trump 888, which on Friday revealed it had agreed an £898m deal to buy the beleaguered operator.

We also have something brief up on OPR about the various potential outcomes from a 888 / party merger for the regulated NJ online poker market.

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07-26-2015 , 08:50 PM

#82

LOLCh1pPorn

Pooh-Bah

Join Date: Nov 2012 Posts: 4,580

Does anyone know if a bwin.party/888 merge will allow Belgian players to play on 888? Might finally be worth it to add a site

Quote

07-26-2015 , 10:51 PM

#83

*TT*

Carpal \'Tunnel

Join Date: Apr 2004 Posts: 22,860

Quote:

Originally Posted by LOLCh1pPorn

Does anyone know if a bwin.party/888 merge will allow Belgian players to play on 888? Might finally be worth it to add a site

The 888 merge may not happen, the deal might go to GVC. This game has not yet seen the river, dealmaking is still taking place. 888's announcement was premature, remember that BWIN made the same announcement for GVC winning the deal the week prior. We must all wait this out to see who wins in the end.

Regardless, keep in mind that the poker assets were not 888's priority. They care about the casino and sports books business from BWIN - the poker assets are just coming along for the ride in that specific deal.

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09-01-2015 , 02:50 PM

#84

Videopro

Making TV

Join Date: Oct 2002 Posts: 19,460

GVC (Sportingbet) set to win battle for bwin.party

http://www.independent.co.uk/news/bu...-10480401.html

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09-01-2015 , 03:04 PM

#85

worried

banned

Join Date: Mar 2015 Posts: 527

Anyone but amaya

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09-01-2015 , 03:32 PM

#86

*TT*

Carpal \'Tunnel

Join Date: Apr 2004 Posts: 22,860

Quote:

Originally Posted by worried

Anyone but amaya

You will not get your wish. Visit this thread in 1 year, and you will see what I am talking about in hindsight. Effectively (not literally) GVC = Amaya, and believe it or not this would be the best possible outcome for the future of online poker.

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09-01-2015 , 03:57 PM

#87

worried

banned

Join Date: Mar 2015 Posts: 527

Oh yeah ? Why is that?

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09-01-2015 , 06:09 PM

#88

Sect7G

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 11,234

Quote:

Originally Posted by worried

Oh yeah ? Why is that?

Quote

09-01-2015 , 10:12 PM

#89

ArtyMcFly

Carpal \'Tunnel

Join Date: Dec 2014 Posts: 13,256

The interesting thing about GVC winning it (if they succeed) is that they seem more likely to dispose of the Poker part of the business than 888 would have been, so PartyPoker could again be on the market fairly soon.

Quote

09-02-2015 , 03:37 AM

#90

NerdSuperfly

veteran

Join Date: Nov 2010 Posts: 2,172

Quote:

Originally Posted by ArtyMcFly

i've read a few times*, that the poker operations (at least those active in the usa) will go to amaya if gvc gets bwin.party

* i think i've read it in two independent articles, other sources prolly just picked it up

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09-02-2015 , 02:40 PM

#91

OPReport

journeyman

Join Date: Aug 2011 Posts: 230

Quote:

Originally Posted by NerdSuperfly

The conventional wisdom is that the US poker assets will 100% end up with AYA in case of GVC purchase. It's a little foggier how ROW might go but simplest explanation is that it will also go with AYA.

Quote

09-02-2015 , 02:42 PM

#92

OPReport

journeyman

Join Date: Aug 2011 Posts: 230

Latest update: GVC "not prepared to walk away" as 888 ups offer.

GVC implies a hostile approach could follow if they don't win the asset via the current route.

http://www.reuters.com/article/2015/...0R219920150902

Quote

09-02-2015 , 10:32 PM

#93

coinflipper

veteran

Join Date: Mar 2007 Posts: 2,223

Quote:

Originally Posted by OPReport

if that were to happen would party stay seperate but owned by them? would it disappear and be consumed by stars? or would it be like ftp where seperate but linked through accounts?

Quote

09-03-2015 , 08:02 AM

#94

SwoopAE

Carpal \'Tunnel

Join Date: Jul 2008 Posts: 22,380

I don't want an Amaya monopoly, but I do want new ownership at Party Poker. The current ownership has mismanaged the site so badly.

Quote

09-03-2015 , 08:57 AM

#95

prayforsnow8

banned

Join Date: Dec 2009 Posts: 425

Toootally grunching. But, is Pstars buys 888, doesn't that mean they can operate in NJ?

Quote

09-03-2015 , 09:29 AM

#96

krazykarter

adept

Join Date: Jan 2011 Posts: 743

Unless I'm missing something with GVC, Amaya is no longer included in their bid for Bwin.

From an August 7th press release on TD Web Broker by Thomson Reuters (emphasis mine):

Quote:

GVC said it would finance the new deal through a combination of new GVC shares and a 400 million-euro ($443 million) senior secured loan from private equity firm Cerberus Capital Management, removing Amaya's involvement and some of the complexity that had worried Bwin.

From a further press release on August 27th (Thomson Reuters, also viewed on Web Broker), when talking about a new bid GVC is preparing to submit:

Quote:

GVC has since dropped Amaya and now has backing from U.S. private equity firm Cerberus Capital Management.

Unless Amaya has some sort of relationship with either GVC or Cerberus that I'm unaware of, they are no longer involved in the bid.

Quote

09-03-2015 , 10:13 AM

#97

NerdSuperfly

veteran

Join Date: Nov 2010 Posts: 2,172

Quote:

Originally Posted by krazykarter

Unless Amaya has some sort of relationship with either GVC or Cerberus that I'm unaware of, they are no longer involved in the bid.

they're not longer "involved in the bid" and officially not at the table because (as i understood) the triangle deal was too complicated/risky. besides that, like it was mentioned a few times itt, rumour has it, that Amaya will still get something if GVC lands the deal ... so i wouldn't surprised if party will be sold to amaya (the poker operations are the less valuable in the whole package imo)

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09-04-2015 , 03:27 AM

#98

NerdSuperfly

veteran

Join Date: Nov 2010 Posts: 2,172

bwin just sent an email about the newest press release: "The Board of bwin.party has announced it is recommending to shareholders an offer to acquire the company from GVC Holdings."

Price is approx. £1.116 billion (25 pence cash and 0,231 GVC shares per bwin.party share)

the press release sounds basically like the one about 888: "pleased to announce ... reached agreement ... GVC will acquire the entire issued and to be issued ordinary share capital ..."

let's see, if this deal will go through ^^

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09-04-2015 , 04:46 AM

#99

ArtyMcFly

Carpal \'Tunnel

Join Date: Dec 2014 Posts: 13,256

Remember when PartyGaming first went public on the LSE? Within a month, its stock was valued at $12 billion. 2005 seems a very long time ago now. :/
This sale, if/when it goes ahead, presumably ends the most epic downsw0ng in online poker history.

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09-04-2015 , 05:49 AM

#100

bhoylegend

self-banned

Join Date: Sep 2012 Posts: 1,278

Pretty soon the UK is going to have about 8 books left. With mergers and takeovers happening all over the shop it's going to mean a bad slate of books getting worse. And on the poker did I still don't see anyone able to compete withStars.

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