Key Developments: Bwin.Party Digital Entertainment PLC (BPTY.L)
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3,047,704
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Latest Key Developments (Source: Significant Developments)
Bwin.Party Digital Entertainment PLC Reaffirms FY 2013 Revenue Guidance-Conference Call
Bwin.Party Digital Entertainment PLC announced that the Company guided the market that it expected revenues to decline in fiscal 2013 by up to 10% versus fiscal 2012 and, despite the first quarter revenue performance, the Company remain comfortable with guidance. The Company reported revenue of EUR 801.60 million in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of EUR 759.71 million for fiscal 2013. Full Article
Bwin.Party Digital Entertainment PLC Recommends Final Dividend
Bwin.Party Digital Entertainment PLC announced that the Board is recommending a final dividend to 1.72 pence per share. With the interim dividend of 1.72 pence per share makes a total dividend of 3.44 pence per share for the year ended December 31, 2012 (2011: 3.12 pence). The final dividend will be payable to shareholders on the register of shareholder interests on May 24, 2013 (the Record Date). It is expected that dividends will be paid on June 24, 2013. Full Article
Bwin.Party Digital Entertainment PLC Enters Into Agreement With Groupe Partouche SA's Belcasinos SA
Bwin.Party Digital Entertainment PLC announced that it has entered into an agreement with Belcasinos SA ('Belcasinos'), a wholly-owned subsidiary of Groupe Partouche SA ('Partouche'). Under the terms of the agreement, bwin.party intends to collaborate with Belcasinos to offer online sports betting, poker and casino games using bwin.party's brands to consumers in Belgium. While the commercial terms are not being disclosed, they are consistent with similar agreements that the Group has secured in other territories. Full Article
Bwin.Party Digital Entertainment PLC Announces Senior Management Changes
Bwin.Party Digital Entertainment PLC announced that Jim Ryan has announced his intention to retire from his role as Co-CEO of bwin.party and return to Canada with his family. He will retire on January 15, 2013, at which time Norbert Teufelberger, currently Co-CEO, will assume the new role of Group CEO. Full Article
Bwin.Party Digital Entertainment PLC Completes Sale Of Ongame online poker network To Amaya Gaming Group Inc
Bwin.Party Digital Entertainment PLC announced that it has completed the sale of its Ongame online poker network to Amaya Gaming Group Inc. (Amaya Gaming) for EUR15 million on a cash-free and debt-free basis. Additional contingent consideration of up to EUR10 million will become payable by Amaya Gaming if there is regulated online gaming in the United States within five years of completion. The exact amount of the contingent consideration will depend upon the extent of the regulation and, if not federal, is based upon the number of states that regulate and the total population covered. Full Article
Bwin.Party Digital Entertainment PLC Announces Sale of Ongame To Amaya Gaming Group Inc.
Bwin.Party Digital Entertainment PLC announced that it has agreed to sell Ongame, business-to-business (B2B) online poker network, to Amaya Gaming Group Inc. for a total cash consideration of up to EUR25.0 million. Contingent consideration will become payable by Amaya Gaming if there is regulated online gaming in the United States within five years of completion. The exact amount of the contingent consideration will depend upon the extent of the regulation based upon the number of states that regulate and the total population covered. The transaction is expected to complete during the fourth quarter of 2012. The management of Ongame will transfer with the business and the net sale proceeds will be used by bwin.party for general corporate purposes. Full Article
Bwin.Party Digital Entertainment PLC Announces Half Year Dividend
Bwin.Party Digital Entertainment PLC announced that it declared a half year dividend of GBP0.0172 per ordinary share in respect of the six month period June 30, 2012. This dividend will be paid by the Company in accordance with the timetable set out below. This interim dividend will be paid in Pounds Sterling. Shareholders and depositary interest holders may elect to receive the dividend payment in Euros by submitting currency elections to the Company's registrar (Capita Registrars) no later than September 21, 2012. Full Article
Bwin.Party Digital Entertainment PLC Recommends Final Dividend
Bwin.Party Digital Entertainment PLC announced that the Board is recommending a final dividend of GBP0.0156 per share which together with the interim dividend of GBP0.0156 per share makes a total dividend of GBP0.0312 per share for the year ended December 31, 2011, (2010: nil). The final dividend, if approved at the Annual General Meeting will be payable to shareholders on the register of shareholder interests on May 11, 2012, (Record Date). It is expected that dividends will be paid on June 12, 2012. Shareholders wishing to receive dividends in Euros rather than pounds sterling will need to file a currency election and return it to the Group's registrars on or before May 25, 2012. Full Article
Bwin.Party Digital Entertainment PLC Announces Sale Of Ongame To Shuffle Master
Bwin.Party Digital Entertainment PLC announced that it has agreed to sell Ongame, its business-to-business (B2B) online poker network, to Shuffle Master, Inc for a total cash consideration of up to EUR29.5 million. The agreement is consistent with the Group's stated strategy and follows its announced intention to sell Ongame on June 30, 2011. Contingent consideration will become payable by Shuffle Master in the event that online poker becomes regulated in the United States within five years of completion. The amount payable in these circumstances will depend upon the timing of the commencement of legalised online gaming in the US. The transaction is subject to the normal terms and conditions for a transaction of this type as well as certain regulatory approvals and is expected to complete during the summer of 2012 with a back-stop date of December 2012. The management of Ongame will transfer with the business and the net sale proceeds will be used for general corporate purposes. Full Article
MGM Resorts International Announces Agreement With Bwin.party Digital Entertainment Plc
MGM Resorts International announced an online poker agreement with Bwin.party Digital Entertainment Plc that brings together one of the land-based gaming operators in the U.S. with the publicly-traded online gaming company. Although online poker is currently prohibited in the U.S., Congress is considering proposals that could legalize it within a framework of federal regulation. Should such legislation be enacted, bwin.party and MGM Resorts would offer, subject to regulatory approval, an online platform that employs technologies and processes to ensure the integrity of the game and the security of player accounts and information. Full Article
UPDATE 1-Bwin.party cuts costs in Europe, eyes U.S. openings
LONDON, May 21 - Bwin.party has targeted cost savings of 70 million euros ($90 million) this year as it joins other online gambling companies pulling back from markets where regulations are not clear cut.
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