Online play party GVC concerned in "something like" Bwin

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Online play companionship GVC interested in "something like" Bwin
By REUTERS

Published: 11:26 EST, 23 Butt on 2015 | Updated: 11:26 EST, 23 Butt 2015









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By Aastha Agnihotri

March 23 (Reuters) - Online gaming ship's company GVC Holdings Plc is in negotiation for voltage acquisitions and "something like" competition Bwin.company would be of interest, Foreman Administrator Kenneth Alexander aforementioned.

Consolidation activeness in the play industry has collected steam clean as an increment in taxes and regulations in close to of the biggest markets hurts companies.

GVC is looking at at proceedings that could transform the society "the same way Sportingbet did in 2013", Alexanders told Reuters on Mon.

GVC, which is listed on London's AIM, acquired Sportingbet's operations in 24 countries for or so 31 meg pounds.

Sportingbet, a supplier of sports betting, casinos, games and stove poker online and on mobile, now accounts for More than half of GVC's tax revenue.

Britain's biggest bookmaker William J. J. Hill was in talks to bargain online gaming society 888 Holdings, just the discussions bust downward in February terminated terms with a discover stakeholder.

Bwin aforementioned in Nov that it was in early on talks with a numerate of parties concluded a "variety of potential business combinations", which could upshot in an crack being made for the firmly.

Alexander declined to scuttlebutt on a conceivable rating for Bwin.

GVC's pretax benefit to a greater extent than doubled to 41.3 jillion euros ($44.95 million) in 2014, while revenue jumped 23 percent to 224.8 trillion euros.

The Islet of Man-based company's shares were up 1.5 percent at 461.04 pence at 1521 Greenwich Mean Time. ($1 = 0.92 euros) (Redaction by Kirti Pandey)

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