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GVC will use “any strategy” for success in takeover

As the final battle for heats up, GVC says they would consider a hostile takeover if they need to. Formerly the preferred bidder, GVC lost position to a unanimous Bwin board recommendation to take 888 Holdings LLC‘s lesser offer in August. The price tag is hovering around $1.5 billion (£1bn). If the board’s final recommendation is to take the 888 bid, GVC is ready to employ “any strategy”.

GVC chairman, Lee Feldman is quoted in The Times as saying his company is not ready to walk away from a win. “We don’t see (going hostile) as necessary right now as we’re offering a higher price and have a better operating track record. That said, we believe GVC should own this asset and we wouldn’t exclude any strategy,” Feldman …

Games News

Positive prediction for ‘March Madness’ sportsbetting landscape

An investigation from the American Gaming Association (AGA) has forecast that some 47 million punters will likely place a bet tied to this year’s edition of the NCAA Division I Men’s Basketball Tournament.

Basketball bonanza:

The AGA used an official press release to declare that its analysis determined that interest in the 2019 version of the annual collegiate basketball competition, which is often colloquially referred to as ‘March Madness,’ will directly lead to approximately $8.5 billion being wagered via legal and illicit channels.

Illicit instruments:

The three-week basketball extravaganza is set to go underway from tomorrow and the AGA stated that this will result in nearly 18 million punters legally wagering some…