GVC has 3-bet all-in to win bwin.party -
http://www.ft.com/cms/s/0/68806e7a-5...50a74fd14.html
Here are my 2¢:
- Much better than PokerStars taking over partypoker to create a DeathStar monopoly.
- Better than 888, which has even more disconnections and probably less promotions for us.
- GVC will migrate its customers on to bwin.party's software platform (which isn't as bad as 888's).
- The two companies have pledged at least €125m of cost savings annually by the end of 2017, which means staff cuts, especially with the underperforming upper management.
- Unlike the bwin takeover of PartyGaming, which dropped partypoker from #2 all the way down to #8
and destroyed shareholder value, GVC will invest in marketing and product to grow the business.
- GVC will apply for licences in US and doesn't foresee any issues.
- GVC realizes it now needs to reinvigorate and motivate the bwin.party staff which have just been through a long process. Some of the best staff have been leaving since the bwin takeover, and its best division of the World Poker Tour is now owned by Ourgame.
- GVC plans to grow all parts of bwin.party business but will consider any attractive opportunities to dispose of some. This could mean that PokerStars will make an offer for partypoker that GVC cannot refuse.
Last edited by Nash_equilibria; 09-04-2015 at 10:05 AM.