888 Holdings purchases Bwin.party Digital Entertainment for $1.4bn

Article by - - filed under Business, Online Casinos, Online Gambling.

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Online gaming firm 888 Holdings has announced that it has agreed to purchase rival company Bwin.party Digital Entertainment for a fee believed to be worth approximately $1.4 billion. The stunning takeover deal, equivalent to €1.29 billion or £900 million, is set to have a huge impact on the online gambling industry and will be the… Read more »

Neteller owner purchases Skrill for 1.1bn EUR

Article by - - filed under Business, Online Casinos.

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Optimal Payments Plc, owner of popular ewallet Neteller, has officially announced that the purchase rival payments processor Skrill for a cost of €1.1 billion. The deal, equal to $1.21 billion or £810 million, was confirmed Optimal Payments Plc on Monday and will see the company expand its online presence with the acquisition of a direct… Read more »

GTECH confirms company will rebrand as IGT

Article by - - filed under Business, IGT.

GTECH to IGT

Technology and software provider GTECH officially confirmed that its $6.4 billion takeover deal of slots developer IGT had been approved by the Nevada Gaming Control Board and Nevada Gaming Commission this week. As a result of the deal being finalised by regulators, GTECH revealed that the the entire company will be rebranded to the IGT… Read more »

888 shares increase after William Hill takeover bid

Article by - - filed under Online Casinos.

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Casino operator 888 saw its share prices increase by more than 20% this week after reports revealed a takeover bid from leading UK bookmaker William Hill. The news announced by 888 comes just hours after it was speculated by media outlets that William Hill was involved in advanced talks with the operator over a potential… Read more »

Intertain set to complete Gamesys assets takeover

Article by - - filed under Gamesys.

Intertain logo

Online gaming group Intertain has confirmed that it is set to complete a takeover of a selection of B2C assets owned by Gibraltar-based casino operator firm Gamesys. The deal will require Intertain to submit an initial payment of $651 million, equivalent to €569 million or £425.8 million, and that will see the group acquire a… Read more »