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Bwin.Party Digital Entertainment PLC (PYGMF)

- OTCPK - Current
  • Fri, Aug. 7, 8:55 AM
    | Fri, Aug. 7, 8:55 AM | Comment!
  • Tue, Jul. 21, 4:31 AM
    | Tue, Jul. 21, 4:31 AM | Comment!
  • Mon, Jul. 20, 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)
    | Mon, Jul. 20, 2:49 PM | Comment!
  • Fri, Jul. 17, 4:02 AM
    • Trumping a bid from rival GVC (OTC:GMVHF), Online gambling firm 888 Holdings (OTCPK:EIHDF) will buy Bwin.party Digital Entertainment (OTCPK:PYGMF) in a cash and stock deal worth £898M ($1.4B).
    • 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.
    • Just six months ago, 888 rejected a takeover bid from William Hill (OTCPK:WIMHY), which valued it at about £750M.
    • Previously: Bwin confirms offer from GVC (Jul. 09 2015)
    • Previously: Bwin.Party +11% with offer on the table (May. 15 2015)
    | Fri, Jul. 17, 4:02 AM | Comment!
  • Thu, Jul. 9, 7:08 AM
    • GVC Holdings (OTC:GMVHF) has formally offered to acquire Bwin.Party Digital Entertainment (OTCPK:PYGMF) in a deal that values the latter at more than £900M ($1.4B).
    • The bid comes just a little over two years after GVC joined forces with William Hill to acquire Sportingbet, another online gambling company.
    • Previously: Bwin.Party +11% with offer on the table (May. 15 2015)
    | Thu, Jul. 9, 7:08 AM | Comment!
  • Mon, Jun. 29, 1:47 PM
    • The Internet Poker Freedom Act was introduced last week in the House of Representatives by Rep. Joe Barton from Texas. The bill aims to legalize online poker under a federal framework.
    • The Senate has the Restoration of America’s Wire Act in front of it which calls for a major crackdown on all forms of online gambling. Las Vegas Sands (LVS -1.8%) chairman Sheldon Adelson is a sponsor of the legislation and longtime advocate of banning online gambling.
    • The burgeoning sports betting industry which includes daily fantasy game sites such as FanDuel and DraftKings will be watching the developments on Capital Hill closely.
    • Previously: Momentum builds for legalized sports betting (March 10)
    • Related stocks: MGM, WYNN, CZR, OTCPK:EIHDF, SGMS, BYD, IGT,  OTCPK:PYGMF, CHDN, ZNGA.
    | Mon, Jun. 29, 1:47 PM | 13 Comments
  • Mon, Jun. 22, 12:55 PM
    • Bwin.Party (OTCPK:PYGMF) sells the rights to the World Poker Tour to Chinese firm Ourgame International Holdings for $35M.
    • The company will continue to sponsor WPT events in the U.S. and Europe until the end of 2016.
    • Ourgame is a major player in the online games category in China.
    | Mon, Jun. 22, 12:55 PM | Comment!
  • Fri, May 15, 1:49 PM
    • Shares of Bwin.Party Digital Entertainment (OTCPK:PYGMF) jump 11.4% after GVC Holdings (OTC:GMVHF) says it has an offer on the table for the company.
    • A deal would be structured as a reverse takeover is an agreement is finalized.
    • Bwin.Party has been the subject of considerable speculation over a full or partial sale.
    | Fri, May 15, 1:49 PM | Comment!
  • Tue, May 12, 12:51 PM
    • Senator Harry Reid says he will consider supporting a full ban of online gaming in the U.S. if he can't carve out an exemption for poker.
    • Currently, there is a bill floating around the House of Representatives that stands a decent chance of making it to the Senate this year.
    • Most casino operators support online gaming due to the strength of their brand, although a notable exception is Las Vegas Sands (NYSE:LVS) with outspoken CEO Sheldon Adelson.
    • A federal ban on online gaming could also have implications for the growing online sports fantasy games industry which has steered clear of tight regulatory review so far.
    • Related stocks: MGM, WYNN, CZR, OTCPK:EIHDF, OTCPK:AMYGF, SGMS, BYD, IGT, ZNGA, OTCPK:PYGMF, CHDN.
    | Tue, May 12, 12:51 PM | 17 Comments
  • Tue, Feb. 17, 2:08 PM
    • Takeover talks between 888 Holdings (OTCPK:EIHDF) and William Hill broke down yesterday, according to Financial Times.
    • 888 Holdings rejected a £700M ($1.075B) offer made by the large bookmaking company.
    • Bwin.party (OTCPK:PYGMF) and 888 Holdings are both down sharply in London trading over the last few sessions as M&A speculation has fizzled.
    | Tue, Feb. 17, 2:08 PM | Comment!
  • May 22, 2014, 9:38 AM
    • Bwin.party (PYGMF) has worked out a deal with activist investor SpringOwl.
    • The company has agreed to add SpringOwl nominee Daniel Silvers to its board and consider a second candidate.
    • Bwin and SpringOwl have been chirping back and forth for a few weeks over the board makeup.
    | May 22, 2014, 9:38 AM | Comment!
  • Aug. 30, 2013, 9:09 AM
    • Bwin.party (PYGMF.PK) issues a warning that revenue could fall by up to 17% as it peels back the number of areas it's focusing on.
    • The company appears to be prepping for a run at online gaming in the U.S. as state regulations ease.
    | Aug. 30, 2013, 9:09 AM | Comment!
  • 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 | Comment!
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Company Description
A leader in digital entertainment, we are also the worlds largest listed online gaming business.
Sector: Services
Country: Gibraltar