Confirms GVC Bid – Casino.Org News

Posted on: July 9, 2015, 02:21h. 

Last updated on: July 9, 2015, 02:21h., GVC, Amaya, acquisition board says it can “see the potential benefits” of the GVC /Amaya deal, as it files another disappointing financial report. (Image:

GVC’s Amaya-backed bid for was confirmed by the board today.

Yesterday, The Financial Times broke the story that GVC had made a $1.4 billion offer to acquire the entire share capital of the online gambling firm; today, the board said it was considering the offer and could see the “potential benefits” to shareholders.

It was currently committed to resolving a number of “transaction-related issues,” it added.

It is unclear whether 888 Holdings, which made an offer for in March, is still at the negotiation table.

“Any offer made by GVC for would include part of the consideration in new GVC shares,” said Kenneth Alexander, Chief Executive of GVC Holdings, today. “Based on our experience with the successful Sportingbet acquisition and restructuring, we believe that the potential combination of GVC and would result in substantial financial and