Playtech rumoured to be considering joining Amaya takeover

Article by - - filed under Amaya, Business, Playtech.

playtech office reception

The online gambling industry rumour mill has been buzzing this week following reports that gaming software company Playtech could be tempted into a joint takeover of Amaya. This follows speculation in the poker media that David Baazov is looking to acquire Amaya with the help of investors and other interested parties. This would take the… Read more »

Paddy Power and Betfair set to merge in February

Article by - - filed under Business.

Paddy Power and Betfair

Gambling firms Paddy Power and Betfair have managed to clear all regulatory hurdles, allowing a merger to take place early in February. The UK’s Competition and Markets Authority gave the two companies to the green light for a merger in December 2015. That was closely followed by Ireland’s Competition and Consumer Protection Commission, which said… Read more »

Gala sell up 130 bingo clubs in 241m GBP deal

Article by - - filed under Business.

Gala Bingo Hall

Gambling company Gala Coral have confirmed that that have sold all of their 130-strong chain of bingo clubs to Caledonia Investments in a deal reported to be worth £241 ($370 or €335). According to figures from the British Investment Trust, Gala had pre-tax profits of £33m and had 1.1 active members for the year up… Read more »

GVC beats 888 in race to takeover bwin

Article by - - filed under Business.

gvc holdings

GVC, owner of several gaming brands including Sportingbet, have beaten off competition from 888 Holdings to secure entertainment. The deal, which was announced Friday, will see GVC pay £1.1bn (€1.5bn or $1.7bn) in cash-and-shares for the gaming business. It was widely reported that 888 had secured back in July, however GVC did not… Read more »