GVC Holdings PLC (AIM:GVC), a leading online sports betting and gaming group, notes recent press speculation. As announced on 15 May 2015, GVC has submitted a proposal with a view to the Group acquiring the entire issued and to be issued share capital of bwin.party digital entertainment plc (“bwin.party”). GVC confirms that the execution of this proposal would be jointly financed by GVC and Amaya, Inc. (“Amaya”). Amaya as at the close of business on 15 May 2015 had a market value of approximately CAD $4.31 billion and is the Toronto Stock Exchange listed owner of gaming and related consumer businesses, with brands including PokerStars, Full Tilt and the European Poker Tour.
There can be no certainty that the submission of this proposal will lead to the Company’s proposal being selected as a proposed acquirer of bwin.party or, in turn, completing an acquisition. Further updates will be provided in due course.
For further information:
|Cenkos Securities plc (Nomad & Broker)||Tel: +44 (0) 20 7397 8900|
|Mark Connelly, Stephen Keys, Callum Davidson|
|Houlihan Lokey (Financial Adviser)||Tel: +44 (0) 20 7839 3355|
|Bell Pottinger||Tel: +44 (0) 20 3772 2500|
|David Rydell, James Newman|
About GVC Holdings PLC
GVC Holdings PLC is a leading e-gaming operator in both b2c and b2b markets. Its core brands are CasinoClub, Betboo and Sportingbet. The Group has over 700 employees/consultants and is headquartered in the Isle of Man and has licenses in Malta, Germany, Denmark, UK, South Africa, Italy, Alderney and the Dutch Caribbean.
Further information on the Group is available at www.gvc-plc.com