Bwin.Party Digital Entertainment PLC(PYGMF)- OTCPK - Current
  • Thu, Sep. 22, 11:22 AM
    • A major development on the betting scene is raising eyebrows in the global gaming industry. The NBA signed a deal with Sportradar to provide NBA data and video game feeds to gaming operators outside of the U.S.
    • Sources indicate the data deal is worth $250M over six years.
    • Detailed player tracking could open up new betting sports categories as the industry evolves beyond daily fantasy games.
    • Sportradar is a privately-owned company with PE backers and high-profile investors such as Michael Jordan and Mark Cuban on board. Here's the interesting twist: The NFL is also an investor and partner.
    • Efforts to legalize sports betting in the U.S. are breaking out in various forms, while in Las Vegas the welcoming mat for the Oakland Raiders and the NFL has been laid out.
    • Related stocks: OTCPK:EIHDF, OTC:BTFRF, OTCPK:PYGMF, OTCPK:PDYPY, OTC:WIMHF, OTCPK:WIMHY, RRR, CZR, MGM, BYD, OTC:LDBKF, OTCPK:LDBKY, OTCPK:RANKF, DUEL, DDAY, DRAFT.
    • Related ETF: BJK.
    | Thu, Sep. 22, 11:22 AM | 1 Comment
  • Sep. 4, 2015, 2:52 AM
    • GVC Holdings (OTC:GMVHF) has agreed to buy Bwin.Party Digital Entertainment (OTCPK:PYGMF) for about £1.1B ($1.7B), winning a fight with 888 Holdings (OTCPK:EIHDF) to acquire the online gambling company.
    • GVC's battle was the latest in a series of combinations in the gaming industry driven both by the growth of the sector and protection from increasing tax and regulatory pressures.
    • Previously: GVC pushes for Bwin.Party deal (Aug. 07 2015)
    | Sep. 4, 2015, 2:52 AM
  • Aug. 7, 2015, 8:55 AM
    | Aug. 7, 2015, 8:55 AM
  • Jul. 21, 2015, 4:31 AM
    | Jul. 21, 2015, 4:31 AM
  • 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)
    | Jul. 20, 2015, 2:49 PM
  • Jul. 17, 2015, 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)
    | Jul. 17, 2015, 4:02 AM
  • Jul. 9, 2015, 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)
    | Jul. 9, 2015, 7:08 AM
  • Jun. 29, 2015, 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.
    | Jun. 29, 2015, 1:47 PM | 13 Comments
  • Jun. 22, 2015, 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.
    | Jun. 22, 2015, 12:55 PM
  • May 15, 2015, 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.
    | May 15, 2015, 1:49 PM
  • May 12, 2015, 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.
    | May 12, 2015, 12:51 PM | 16 Comments
  • Feb. 17, 2015, 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.
    | Feb. 17, 2015, 2:08 PM
  • 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
  • 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
  • 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