GVC Holdings to Buy Ladbrokes Coral Group

GVC Holdings to Buy Ladbrokes Coral Group Thumbnail

Merry Christmas, Ladbrokes Coral Group shareholders. Last week, GVC Holdings, the parent company of partypoker, announced that it has come to an agreement to buy UK gaming powerhouse Ladbrokes Coral in a deal that could be worth as much as £4 billion. “In its relatively short time as a merged entity, Ladbrokes Coral has demonstrated… Read more »

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Scientific Games to Buy NYX Gaming Group

Scientific Games to Buy NYX Gaming Group Thumbnail

Gaming technology developer Scientific Games recently announced that it has agreed to acquire digital gaming provider NYX Gaming Group Limited. According to a press release, the purchase – financed with a combination of cash and debt – will be for CAD $2.40 per outstanding share of NYX, amounting to a total of approximately CAD $775… Read more »

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GVC, Ladbrokes Coral Merger Talks Collapse

GVC, Ladbrokes Coral Merger Talks Collapse Thumbnail

According to a Wednesday report in the Financial Times (FT), GVC Holdings PLC, the parent company of partypoker, attempted to acquire UK bookmaker Ladbrokes Coral during the last few weeks, but had its offer declined. FT says that its two sources close to the situation, GVC set the value of Ladbrokes Coral at 140p per… Read more »

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Amaya Gaming Names Murphy, Turner to Board of Directors

Amaya Gaming Names Murphy, Turner to Board of Directors Thumbnail

As two former members resigned their seats on the Board of Directors, Amaya Gaming announced earlier this week two new directors to take their seats. Venture capitalist Peter Murphy and retired executive Mary Turner will take over the seats of the departing Dr. Aubrey Zidenberg and Army General Wesley Clark, effective immediately. The chairman of… Read more »

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Information Regarding Baazov Insider Trading Trial Comes to Light

Information Regarding Baazov Insider Trading Trial Comes to Light Thumbnail

Former Amaya Gaming Chief Executive Officer David Baazov has been aggressively fighting the charges of insider trading brought against him by the Canadian government earlier this year. In details released by the Toronto Globe and Mail earlier this month, further information regarding that case is coming to light. Per Globe and Mail reporter Nicolas Van… Read more »

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Ladbrokes Gala, GVC Merger Talks End

Ladbrokes Gala, GVC Merger Talks End Thumbnail

Merger talks between GVC Holdings and Ladbrokes Coral Group have broken down, according to a Tuesday report by The Financial Times. Shares in Ladbrokes Coral dropped 9 percent on the news Monday, and though they have bumped up slightly since, they have yet to get back to where they were when the markets were excited… Read more »

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Amaya Gaming, William Hill Admit to Merger Discussions

Amaya Gaming, William Hill Admit to Merger Discussions Thumbnail

Ending speculation of what would be a monumental shift in the online gaming and poker industry, this afternoon Amaya Gaming, the parent company for PokerStars, and the powerful online and live betting shop William Hill admitted that they are currently in discussion regarding a merger of the companies. In a joint announcement meant to potentially… Read more »

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What Does Poker Businessman David Einhorn See in Amaya Gaming?

What Does Poker Businessman David Einhorn See in Amaya Gaming? Thumbnail

The name David Einhorn is familiar to many in the poker community. The hedge fund manager who started one of the most watched companies in North America, Greenlight Capital, Einhorn has also shown a proclivity for poker over the past few years. He first struck poker gold at the 2006 World Series of Poker Championship… Read more »

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Amaya CEO David Baazov Charged With Insider Trading

Amaya CEO David Baazov Charged With Insider Trading Thumbnail

David Baazov, the president, CEO, and board chairman of Amaya Inc., the parent company of PokerStars, has charged by Quebec’s Autorité des marchés financiers (the “AMF”) with five securities fraud charges related to Amaya’s acquisition of PokerStars parent company, Rational Group, in June 2014. The AMF began its investigation in late 2014, an investigation which… Read more »

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Is bwin.Party on The Market?

Is bwin.Party on The Market? Thumbnail

According to multiple reports, the largest online gaming company in the industry, bwin.Party, is reportedly entertaining an offer for a takeover of the company to one of the most powerful entities in the internet game. Writer Geoff Foster of the Daily Mail reported that bwin.Party, which has seen its stock price slowly slide downward over… Read more »

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Could The World Series of Poker Be Up For Sale? Analysts Say Possibly…

Could The World Series of Poker Be Up For Sale? Analysts Say Possibly… Thumbnail

After a disappointing fiscal report from the company, analysts are stating it is a “possibility” that Caesars Entertainment may have to sell the World Series of Poker and restructure its debt to maintain its profitability. According to VegasInc.com, the financial services company Fitch Ratings has recently downgraded the stock suggestion of Caesars Entertainment from “stable”… Read more »

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Ladbrokes, 888 Holdings Discontinue Merger Discussions

Ladbrokes, 888 Holdings Discontinue Merger Discussions Thumbnail

In nearly identical statements on Friday morning, it was revealed that merger talks between the British bookmaking operation Ladbrokes and the online gaming conglomerate 888 Holdings have been terminated. The two companies released similarly worded statements through the London Stock Exchange on Friday. Ladbrokes’ statement read, “In response to press speculation, Ladbrokes announced on 20… Read more »

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Gigi Levy Out as 888 CEO

Gigi Levy Out as 888 CEO Thumbnail

Over the weekend, 888 Holdings surprised many in the industry by announcing the resignation of its Chief Executive Officer, Gigi Levy. In a brief statement to shareholders on Saturday, 888 Holdings Chairman Richard Kilsby simply announced, “After a difficult first half of 2010, the Company has experienced three consecutive quarters of growth. Following very strong… Read more »

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Party Gaming, bwin Merger Completed

Party Gaming, bwin Merger Completed Thumbnail

The merger between two gambling giants was completed on Thursday, as Austria-based bwin and U.K.-based Party Gaming formed to create the world’s largest listed online gambling company. bwin.party digital entertainment began trading Thursday with an opening share price of £1.94. The new London Stock Exchange ticker for bwin.party shares is “BPTY.” Party Gaming and bwin… Read more »

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