GVC offers £900m for BwinParty

Online gaming group GVC Holdings is reported to have bid just over £900m to acquire operator BwinParty.

Updated on 8 July 2015

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Sources have told the Financial Times that the offer values shares in BwinParty at around 110p a share.

GVC confirmed in May that “it has submitted a proposal with a view to the group acquiring the entire issued and to be issued share capital of BwinParty”.

A further announcement was made four days later, confirming that the proposal would be jointly financed by GVC and provider Amaya Gaming.

Operator 888 Holdings also confirmed in May that it has made an offer to acquire BwinParty.

GVC said in a trading statement: “Talks with BwinParty are continuing, although there can be no certainty that such talks will result in an offer being made. GVC will provide a further update for shareholders as and when appropriate.”

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David Cook

Editor

David Cook served as an editor and writer for Gambling Insider from 2018 to 2020, where he played a central role in shaping the publication’s editorial direction. He oversaw the creation and implementation of the broader editorial strategy for Gambling Insider and its related publications, managing the production of 30 print magazines annually while also contributing to the management of GamblingInsider.com and a weekly digital newsletter.

During his tenure, David led the publication’s largest editorial team to date, guiding its expansion and ensuring consistent, high-quality output across all channels. He also hosted and helped launch the GI Huddle podcast, a project he was proud to bring from concept to reality.

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