GVC Still Planning Bwin Takeover

This story was published more than 8 years ago.

British betting firm GVC Holdings is attempting to try to re-bid for betting firm Bwin.Party Digital Entertainment after the company came to a purchase agreement with 888 Holdings for £898 million.

GVC had originally partnered up with Amaya Inc and put in a bid of £908 million, but was rejected by Bwin for 888, with whom the company has much in common and could likely expand operations to be profitable faster.

888 and Bwin agreed to the deal last week, and both groups are expected to announce the deal this week. GVC is reportedly ditching Amaya and is going alone with a major push with institutional investors.

Casino Listings will update this story as more developments arise.

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.