888 Holdings is closing a deal to purchase Bwin.Party for $898 millon (GBP) ($1.8 billion USD). The deal ends months of wheeling and dealing by Bwin.Party's potential suitors and leaves 888 rival GVC Holdings in the cold. According to MorningStar UK, 888's offer for Bwin.Party was actually less than GVC's offer, but offered more long-term…
GVC Holdings is getting very close to closing its blockbuster bid to take over Bwin.party. If they're successful, the deal could dramatically change the face of the online poker industry. Earlier this week, Bloomberg.com reported that GVC had teamed up with Amaya Gaming (owners of PokerStars) to offer Bwin.party 906.5 million-pound ($1.4 billion USD) for…
[caption id="attachment_36029" align="alignright" width="256" caption="Jeffrey Haas (left)"][/caption] The executives at Bwin.party and PokerStars are playing a game of musical chairs that could help Bwin recapture its flagging poker fortunes. According to a report in EGR Magazine, poker industry veteran Jeffrey Haas will step into the position of Head of Online Poker at Bwin.party in the…
Bwin Over the past couple years Bwin co-CEO's Jim Ryan and Norbert Teufelberger have made all kinds of headlines on gambling news sites. These two have done everything from getting detained by Belgian authorities for serving the country's gamblers, to pulling a memorable publicity stunt at an industry conference in Las Vegas. Of course affiliates…
PokerRoom.com shut down this week with little notice to players or the press. It's the second time in as many years that the venerable online poker pioneer has shuttered its virtual doors, though this shutdown appears to be permanent. Visitors to the site were surprised to find a notice, posted early this week, informing them…
In yet another sign of the seismic changes rocking the online poker world, PokerStrategy and bwin.party are severing their longtime relationship. The reasons behind the breakup are still unclear and neither party is doling out much in the way of specifics. A press release posted on the PokerStrategy website said only: Unfortunately, as of midnight…
Schleswig-Holstein gaming officials issued their first online casino and poker licenses today despite some high level criticism from European Union regulators. This is just the latest chapter in a back-and-forth saga that's been going on all year. The first class of SH licenses are going out to 12 gaming companies who are eager to grab…
[caption id="attachment_30531" align="aligncenter" width="425" caption="Jim Ryan Says Goodbye To Bwin"][/caption] Bwin.party co-chief executive Jim Ryan is walking away from his “dream job” and heading into retirement, leaving behind a fine legacy with all his great work at the company. He will mostly be remembered for the Bwin/PartyGaming merger that demonstrated his business acumen and vision…
[caption id="attachment_29949" align="aligncenter" width="425" caption="Argentina says Bwin is in Breach Of Contract"][/caption] As 2012 winds down Bwin has been a hot topic on both sides of the pond. First with the detainment of the Co-CEO and questioning for operating illegally in Belgium and now Argentina has pulled their license to operate there. According to The…
[caption id="attachment_29704" align="aligncenter" width="425" caption="A free man after being let go in Belgium"][/caption] Bwin Co-CEO Norbert Teufelberger was finally released from Belgian authorities after he was taken into custody yesterday for questioning. Bwin came back swinging, claiming that laws restricting foreign-based gambling operators are not in line with European Union law. Tuefelberger was credited for…
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