GVC Holdings have finished in the merger with bwin.party
According to iGaming Business portal, the process of bwin.party company acquisition is now over under the previous terms and conditions. Now all capital stock will pass to GVC Holdings.
The company has been successfully floated in London under the name of GVC. Since the new company emerged, some senior management shake-up took place. Stephan Moran and Peter Isola have already taken up posts of CEOs.
New executives claimed to have taken up online gambling market studies quite seriously along with laws regulating gambling business.
In December 2015 Bwin.Party shareholders agreed to GVC Holdings takeover bid. The deal value is $1,72 billion.
Bwin.party is the owner of famous Party Poker poker room and Bwin bookmaker’s office.
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