The 888 bwin.party takeover has turned into a bidding war with 888 Holdings and GVC Holdings wanting the assets of bwin.party.

An agreement was reached between 888 Holdings and bwin.party on Friday, July 17, consisting of £898 million ($1.4 billion) in cash & shares in the merged company.

But GVC Holdings are not yet done in bidding for the company and are expected to make a counter offer to out bid their competitors. The first GVC/Amaya bid was a cooperative offer which wasn’t received so well because of Amaya involvement in the deal.

GVC Holdings are planning to bid without the help of Amaya in the efforts to try reach an agreement to acquire bwin.party.

888 bwin.party Takeover News

888 Holdings have announced the possible acquisition of bwin.party in a statement released on the 18th May. A proposal has been sent to bwin.party with an offer that would benefit both companies including the shareholders.

888 Holdings would then takeover the entire bwin.party and it’s shareholders will receive either cash or shares in 888 Holdings in compensation.

A merger of the two companies would secure the 2nd place position of 888poker and add at least a thousand cash game players to their daily poker traffic.

bwin.party have received the proposal and issued a statement that they are currently reviewing the proposal and an announcement will be released soon.

888 Holdings announce bwin.party merger

Play the Oktoberfest Mission on PartyPoker and win VIP tickets to a FC Bayern München football match at the Allianz Arena in Munich, Germany.

This offer runs for a limited time and will end on 6th October, players must complete three simple missions to qualify for the Oktoberfest Mission Freeroll.

Bwin.Party are the official sponsors of some of the World biggest football teams including: Manchester United, Real Madrid and FC Bayern.

Bwin and PartyPoker offer exclusive promotions to players with special football experience packages to be won.

Read More …

Bwin.Party are closing markets mostly in Europe, the company will now focus on marketing to just 10 European countries, this will affect all of the products on offer: poker, casino, bets and bingo.

The changes were brought about because of the instability of unregulated online gaming in these Countries.

Bwin.Party will no longer accept any new players from the following countries: Argentina, Belarus, Poland, Ukraine, Romania, Slovenia, Finland, Latvia, Lithuania, Cyprus, Greece, Hungary, Croatia, Macedonia, Serbia, Colombia, Armenia and Brazil.

Players who already have accounts can continue playing, this will only affect new player sign-ups.

Here are some of the Bwin.Party brands which will no longer be available: PartyPoker, PartyCasino, Partybets, PartyBingo, BwinPoker, BwinCasino and BwinSports.

Read More …

Zynga have joined forces with bwin.party to offer real money poker and casino games to UK players.

Zynga is the largest social gaming platform with millions of players in their database, the strategic move will see Zynga’s UK players added to the bwin.party database.

bwin.party will provide the software and support for Zynga real money poker and casino games. The partnership will begin exclusively with UK players with the hopes to expand into other markets.

Zynga Casino will feature the same real money casino games that can be found on PartyCasino and BwinCasino.

Read More …