BwinParty in new acquisition talks amid operating loss

Confirmation of the talks came on the same day that BwinParty announced a €97.9m operating loss and a reduction in revenue of over €40m last year.

The Gibraltar-based operator did not comment on the names or specific number of groups that are interested in acquiring the company, but did reveal that it was in “further discussions” with potential buyers.

BwinParty non-executive chairman Philip Yea told the Financial Times: “We’re testing them against each other and against business as usual.

“These processes take whatever time they take.”

Meanwhile, BwinParty has cited “the full year impact of ISP blocking in Greece and further declines in poker, partially mitigated by the FIFA World Cup” as part of the reason for its yearly revenue decline, which fell to €611.9m for 2014 from €652.4m in 2013.

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David Cook

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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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