GVC Holdings turns down approaches for bwin.party assets

GVC Holdings has rebuffed a number of offers from parties interested in acquiring its bwin.party Entertainment assets, UK newspaper the Daily Telegraph reported.

GVC Holdings has rebuffed a number of offers from parties interested in acquiring its bwin.party Entertainment assets, UK newspaper the Daily Telegraph reported.

The Aim listed operator said to the newspaper that it had been approached by interested parties in the potential sale of UK bingo operator Cashcade and its B2C brand Foxy Bingo.

GVC had received further interest in the potential sale of payment processing division, Kalixa Payments.

CEO Kenneth Alexander stated that although the interest in the assets had been revised, talks with parties did not progress beyond preliminary stages.

Alexander further added that GVC was fully focused on effectively merging bwin.party assets and operations with GVC portfolio of industry brands, which would drive the operator into the FTSE 250.

Read more: http://www.sbcnews.co.uk/sportsbook/2015/11/9/gvc-holdings-turns-down-a...

 

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts