The governance of Bwin.party Entertainment has officially confirmed the reverse takeover of GVC Holdings for its entire business operations. The deal is worth £908 million, which is equivalent to $1.4 billion. Bwin.party Entertainment is set to work closely with GVC to make the deal that it will present to its shareholders formal, in order to proceed with the acquisition process.

Established in 2011, bwin.party offers a wide array of online gambling such as sports betting, poker and casino games. In 2014, it posted revenue of $675 million or 611.9 million euros. It has over 2000 employees from Europe, United States and India.

Combined with a new stock issuance in the merged operator, the deal is geared to entail a sum of cash valued at 100 pence per share, which represents 11% premium to its closing price.The deal is funded by GVC in partnership with Amaya Inc.

If the bid will be approved, GVC plans to take over the management of the newly merged company. However, for a two year period, AmayaInc. will be given the first right of purchase of the business by GVC.

GVC Holdings made its first announcement of the takeover in May. A few days later, 888 Holdings, a gambling company based in Gibraltar also announced its own approach. However, GVC is seen to be the most preferred to land on bwin.party entertainment acquisition, against 888 Holdings.

The following statement was released by bwin.party concerning the offer:

“The GVC proposal has been considered by the board. This is because of the potential benefits that it believes can amount to bwin.party entertainment shareholders from the partnership of the two companies. Besides that, it has also proved its commitment through resolving various issues related to transactions. Bwin.party is determined to work with GVC in order to finalize their offer in a few days to come.”

“However, it is only the boardthat will make further announcement. Therefore, you are not guaranteed that GVC or any other party will make the official announcement of the transaction.” Bwin.party added.

Investors to Bwin.Party Stinson Ridge and Emerald Bay are working on preparations to sell as much as shares amounting to 50 million in the FTSE; London for the online gambling provider. This share sale by these investors will take up a 6% stake at the company.

This news on the investors’ sale will see bwin.party share price fall 11p to 94p. Bwin.Party board in a statement said that they were not part of the sales bargain but these actions by Emerald Bay and Stinson Ridge were at par with the plans brought out by the firm in October 2013.

Bwin.party said that this sale would not make any impacts on the ongoing sale discussions going on with 888 Holdings and joint partnerships with GVC Holings and Amaya Inc.

The Chairman to Bwin.Party; Phillip Yea said that they were happy with the news of the sale and this announcement by the trustees since it will show clarity for the market and show a significant block of shares which were expected to be sold in 2015.

This sale announcement might have come at a strange time but this is at par with the agreement that was signed in October 2013 that allowed the sale of the shares before October 2015. This raises curiosity as it was done at a time when the group is active in talks with suitors. The trustees are not part of the discussions but one thing could be that they were approached by one of the suitors. Another reason could be that an investor has a positive view on a likely outcome of the talks and made an approach to the trustees. A final thought to the move can be that the trustees saw a risk reward to the situation and thought it wise to balance things down with the sale.

The view with many is that a bid is likely to the outcome. A lot of this will depend on the scale of the synergies and the execution risk related to the bidders on the deal. On this deal, it might be possible to see 130p or more but a more cautious stance might be seen on the limited upside.

PokerStars has spent months speculating on the UK market and they have now launched their services in the United Kingdom. Players are now able to place their bets on a couple of markets through PokerStars 7 software.

At the moment, PokerStars is only accepting football, tennis, ice hockey, rugby, basketball, volleyball and handball. These will not be the only offerings as there is a banner promising of more game betting in the future.

When you first look at the UK site, you will notice that the odds may seem to be of the same standard as those of other world-class bookmarkers. You will notice that their odd analysis skills can be compared to those of other bigwigs in the industry like, William Hill, Betfred and Betfair in a myriad of many more.

For those who wise to place their bets on this new platform, they can do so on the PokerStars 7 client from their desktops, iOS and Android powered devices. This will be possible in a few steps which include registering a real account and loading it with money through their safe and convenient banking options. Apart from betting, you will be exposed to other casino games such as Poker, table games, card games and slots in a myriad of many more.

Without a doubt, PokerStars betting services will grow in terms of the subscribers, in the coming weeks.

Pokerstars is owned by Amaya Gamin and is part of a joint venture with GVC Holdings for online gambling entity bwinparty digital plc which is owner to bwin party.

When playing at PokerStars, be sure to have an exciting time with all the bonuses and promotions in line waiting for you. There are the deposit and new player bonuses which will be awarded on redemption. Be sure to read all the play-through requirements for each bonus for successful betting on your favourite sports.

You could start betting on your favourite sports as soon as you wish and enjoy the wide array of sports available and expect more in the near future.