Bram de Haas • 14 Comments
Aug. 26, 2015, 4:32 AM
- Betfair (OTC:BTFRF) and Irish rival Paddy Power (OTC:PDYPF) have reached an agreement in principle on a £5B ($7.85 billion) merger that would create one of the world's largest online betting and gaming groups with revenues of over £1.1B.
- The deal is the latest in a flurry of M&A activity in the industry, which is expected to accelerate as gambling firms look to protect themselves from increasing tax and regulatory pressures.
Jul. 20, 2015, 2:49 PM
- The merger between 888 Holdings (OTCPK:EIHDF) and Bwin.party (OTCPK:PYGMF) creates some intriguing possibilities if online gaming is approved in more U.S. states or under a federal framework.
- 888 partners with Caesars Entertainment (NASDAQ:CZR) in Nevada, while Bwin has an agreement struck with Boyd Gaming and MGM Resorts in New Jersey. Some analysts think those partnerships could be easily expanded at scale.
- If online gaming remains a three-state phenomenon, the combined Bwin-888 entity faces a challenge with competition from Betfair (OTC:BTFRF) and Amaya Gaming (NASDAQ:AYA) which owns PokerStars and Full Tilt Poker.
- Shares of Bwin.party are up 8% over the last year, although they stand well off their all-time highs. 888 Holdings is +32% over the last year.
- Previously: 888 scoops up Bwin.party for $1.4B (Jul. 17 2015)
Apr. 15, 2013, 3:25 AM
Betfair (BTFRF.PK) jumps 12% in London after CVC Capital Partners confirms it's in early-stage talks with the company about a bid. "CVC's interest could well prove the catalyst for other interested parties," Peel Hunt says. Keep an eye on William Hill (WIMHF.PK), Ladbrokes (LDBKF.PK), Bwin.party (PYGMF.PK) and 888 Holdings (EIHDF.PK) - mentioned in this recent article by Robert Geoghan on U.K. gambling stocks.| Apr. 15, 2013, 3:25 AM