Choose an online casino in which to play

Latest Irish online casino news and BwinParty

By admin on 2015-07-25 12:56:41

Its time again for us at onlinecasino.ie to take a look at any online casino news which may be of interest to our readers, and normally we would be looking specifically for any Irish casino news which is hitting the headlines. At the moment however all the online casino news seems to be about the latest moves in the long running saga of who will eventually own the online casino operator BwinParty. At the end of last week the board of BwinParty announced that they had agreed a takeover offer from 888 Holdings worth in the region of £900 million. Although this offer is marginally less than that made by GVC in a joint bid with Amaya, the board clearly expressed a preference for what they felt would be an easier deal to progress. The question now is whether GVC will come back again with another offer. It has to be said that the GVC/Amaya bid had been regarded as the front runner by many analysts but they also appear to see considerable value in the estimated cost savings of as much as $70 million that would result from the takeover by 888 Holdings. All of these players are of course well known to most online casino games players, as well as other online gambling enthusiasts. BwinParty and 888 Holdings both currently operate online casinos, whereas GVC owns Sportingbet and Amaya is the company behind PokerStars. All of this takeover activity is due in part to the increasingly punitive tax regimes being applied to the online casino sector in various parts of the world, and a corresponding need for consolidation within the online gambling industry. There could still be a twist in the tail of this story, because many believe that if 888 Holdings fail with this bid they could quickly become takeover targets themselves, with a bid from William Hill having already been rejected. Some also think that William Hill could still get involved with the bid for BwinParty in conjunction with GVC. We will have to wait and see.