888 Lose out to GVC in £1.16 BILLION Merger Deal with Bwin.party

Contrary to the widely held expectation that 888 would be the favorite to win the bidding war to merge with bwin.party, the company recently announced their acceptance of rival GVC Holding’s bid of £1.6 billion ($1.7 billion). This merger will see bwin.party shareholders retaining a majority 66.6% and its current CEO, Norbert Teufelberger, as the new company’s director.

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This outcome has come as a surprise to interested onlookers like Global Betting and Gaming Consultant’s CEO, Warwick Bartlett. During an August interview on the matter, Mr. Bartlett indicated that a merger between bwin.party and 888 would be the most logical decision, as both parties are listed companies on the London Stock Exchange and as such would not run the risk of operating in unregulated markets, unlike GVC Holdings who is small in comparison to 888 and who do trade in “grey” markets.

In a joint statement released by both companies, bwin.party chairman, Philip Yea concluded that “many factors, including, but not limited to, the headline value per share” was taken into consideration when reaching their final decision. So in the end GVC just outbid 888. Its final offer resulted in a 23.1% share of GVC stock and 25 pence share in cash per bwin.party investor.

This merger is but one of many to take place in the online casino market during the past year, the most recent of which being Betfair and Paddy Power’s £5 billion merger which has resulted in the new company being the second biggest global iGaming business, right behind Bet365.

888 SUBMITS NEW TAKEOVER PROPOSAL TO BWIN

In a recent update, bwin.party confirmed that a revised proposal has been lodged by 888, and is currently being looked over. This comes after expressing satisfaction with key elements of GVC Holding’s opposing bid in answer to 888’s original bid.

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Bwin could not confirm whether 888’s new proposal comes in at a lower or higher bid, only that the matter would be discussed with key shareholders before making a final decision. The revised proposal is said to be subject to a number of pre-conditions that can be waived in whole or in part by 888.

GVC expressed that it has made “significant progress” with its bid, and reconfirmed its recommendation to bwin to consider 888’s original bid versus that of the GVC.

With regards to the revised proposal, the board of bwin.party issued that its unanimous recommendation of 888’s offer announced on 17 July, remains unchanged in light of this event.

Mega Moolah Jackpot Hits Record-Breaking Height at £8.2 Million

Just a few short months after paying out $7.5 million at Crazy Vegas Casino, Microgaming’s extremely popular Mega Moolah progressive slot machine has reached an all-time high of just over £8.2 million.

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Aside from the regular wild and free spin features, what sets Mega Moolah apart from other progressive slots is that it has four progressive jackpots that become up for grabs by spinning the wheel during the bonus game. So far several lucky players have become instant millionaires after bagging this Mega Progressive jackpot.

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Mega Moolah Summertime, Mega Moolah and The Dark Knight collectively share the jackpot which has slipped well past the £8.2 Million mark and continues to climb until someone finally wins it, as one staggering lump sum.

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The following deposit methods are most frequently used by Canadians playing online casinos:

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    A very popular form of payments for Canadians, PayPal – also known as web or e-wallet, is secure, convenient and amazingly fast. It basically acts as a payment gateway between two bank accounts. Once an account has been registered, users are immediately able to transfer loonies to their casino account by clicking on the PayPal logo displayed on the casino’s web page and following the instructions. Withdrawing winnings is just as easy – once the casino transfers the funds to your PayPal account it can either be used as credit to fund future transactions, or be transferred to your bank account and then drawn as cash.

  3. EntroPay

    EntroPay is a prepaid virtual alternative to a physical VISA card. It is merely a service and not a bank account. Signing up is painless and you can have more than one user account. Once the account is registered, a VISA card number, expiration date and CVV code is issued to allow you to effect transactions as you would from a normal VISA card. But to be able to make deposits, you need to fund your EntroPay account via traditional methods first. Then click the EntroPay logo on the casino’s site to complete the transaction into their account.

  4. Instadebit

    InstaDebit allows only Canadian-based players to make charge-free cash payments to online casinos directly and instantly from their bank accounts. The sign up process is done in two easy steps. InstaDebit runs approval checks before account activation and user information is protected through TRUSTe.

    After sign-up and approval, users need to click on the InstaDebit link on the casino’s web page to activate this method for future transactions. Purchases are made through the use of email and password identification. Withdrawals are a breeze as winnings are transferred to your InstaDebit account from where it can be used again for casino payments, online purchases or deposited back in your bank account to withdraw as cash.

  5. UKash

    The Ukash method is used by most Canadian slot players when making secure online deposits. Unlike other prepaid transaction services, customers can purchase prepaid vouchers at various outlets. These vouchers are then used for casino deposits by clicking on the Ukash logo on the banking page of the particular casino, and entering the serial number displayed on the voucher. In this way the voucher has been claimed and you have an immediate cash balance available to play with. Ukash vouchers don’t carry any additional service fees nor do they require any personal data imput. This makes them cost effective, anonymous and secure, and being pre-paid they’re a great buffer for overspending on your budget!

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The game is cast in neon blue and pink, and set against an alien planet backdrop. It features high value animal symbols like snakes, eagles, panthers and lions as well as the usual scatter and wild symbols.

We have news that NetEnt are releasing a new Staxx slot game called Butterfly Staxx.

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Spain Welcomes Microgaming Slots Thanks to Bet365

After receiving its license from the General Directorate of Gaming (GDOJ), the Spanish iGaming market is open for business and ready to spread its wings. As such Prima Network (Spain’s iGaming provider) has signed a deal with online gambling giant, Bet365, which will make Microgaming slots available to Spanish players all over the country.

This means that Spaniards now have live access to the biggest and best slots Microgaming has to offer at bet365. Currently this comprises 60 desktop and 25 HTML5 mobile games. The exciting range of slots that have been made available includes classic favorites like Tomb Raider, Gladiator and Avon along with licensed slots such as The Dark Knight Rises and Jurassic Park. Five different Bingo games will also be on offer including Electro and Super Bonus Bingo.

The Head of Games at Bet365, Christian Bogstrand, commented at the launch of the new venture with Prima Network that they are proud to be involved and excited that the Spanish market can now partake and enjoy games powered by Microgaming.

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Great Canadian Gaming has acquired Sonco Gaming

Great Canadian Gaming which is actually a gaming corporation of British Columbia origin has bought the privately owned New Brunswick Casino that came into existence in the year 2010.

Great Canadian Firm’s Chief executive officer and President, Mr Rod N Baker declared that this deal of acquisition by Great Canadian firm will definitely create value for them. He further added that by purchasing Casino New Brunswick they will be able to expand their Canadian operations.

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The CEO of Great Canadian Gaming Firm gladly announced that acquisition of New Brunswick Casino has been a special event for them because it is a top quality casino game which fulfills the entertainment needs of the guests from Moncton as well as other guests coming from the adjoining areas of Atlantic Canada. Mr Rod N Baker welcomed the entire team of CNB along with its 400+ employees on board of the Great Canadian Team.

This deal was executed by adhering to all the requisite laws and regulations laid down by the New Brunswick Lotteries Gaming Corporation. The deal is expected to get closed legally by 2015 itself, as sources have pointed out.

Maria Klyuev, the spokesperson, representing Clairvest, a partner company of Sonco, denied talking further on this deal because she thinks it is too early to speak on this matter as the deal is yet to get approved by the government of New Brunswick.

Klyuev accepted that the sole reason behind this deal is the handsome amount offered by Great Canadian Gaming.

She also cleared that the other casino of Sonco based in Edmundston does not fall within the scope of this deal. One such casino which has not been acquired by Great Canadian Firm is The Grey Rock Entertainment Centre.

New Brunswick casino started it journey in the year of 2010. Every year a part of their revenue goes to the provincial government.

Approximate value of generated revenue of this casino in 2014 was 38 million USD.

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The location each year is kept secret but we know from past experience they only visit beautiful tropical locations like the Caribbean. Although it appears that this year all Canadian players will be split from their Australian friends as the latter will cruise the Gold Coast.

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We took a look at some of the minimum criteria required to be able to take part:

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