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Bwin.Party Digital Entertainment PLC (PYGMF)

- OTCPK - Current
  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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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