Key Takeaways
- “GVC understands that poker is bwin.party’s least profitable gaming business and has declined in recent years.”
- Group plans to combine players pools of its poker liquidity onto party platform.
- Given there was no mention in the document of future disposals being considered, the likelihood is that online poker will remain an important business vertical, and not be sold to Amaya.
GVC is planning to combine its existing online poker operations onto the partypoker platform following the takeover of bwin.party, it was announced Friday.
In bwin.party’s recommendation to shareholders that it accept GVC’s latest offer, the group outlined its plan for synergies and cost savings.
“GVC understands that poker is bwin.party’s least profitable (by contribution) gaming business and has declined in terms of net gaming revenue and contribution in recent years,” the offer document acknowledges.
