gioco digitale
bwin interactive entertainment
bwin

Consolidation in online gambling: bwin acquires Italy's Gioco Digitale

Next Story

Sony outs the beautiful LED-backlit ZX5 LCD TV

Shares in Austrian provider of online gaming entertainment bwin Interactive Entertainment soared in early trading this morning after the company confirmed that it was in the final stages of acquiring Gioco Digitale, one of Italy’s oldest online gaming sites.

According to the announcement, the boards of both companies and its shareholders have agreed on principle terms for the acquisition of 100% of Gioco Digitale, but did state that although the acquisition was progressing, there could be no certainty that a final binding agreement on the transaction will be reached.

Details on deal size have not been disclosed yet at this point. Daniel Stewart & Company analyst James Hollins told Reuters that he estimated the purchase price to be around 100 million euros ($143 million), and expected the deal to boost bwin’s earnings. Italian media estimate Gioco Digitale to be purchased for in between 90 and 95 million Euros.

Bwin Interactive Entertainment provides sports betting, poker, casino games, soft and skill games, as well as audio and video streams of top sporting events in more than 25 markets under international and regional licenses. The company’s services are provided via the Internet and other digital distribution channels, such as mobile phones. It derives its revenues primarily from sports betting and poker on its primary websites bwin.com and pokerroom.com.

The company in its last quarterly report had already made it clear it was planning on expanding into the Italian online gambling market, which it expects to be deregulated in the near future.

  • http://www.thestartup.eu Stefano Bernardi

    The deal is valued between €90 and €95 millions.

    • http://techcrunch.com Robin Wauters

      Thanks Stefano, added a link to Affaritaliani.it which estimates the deal value to be in between those numbers indeed.

  • http://crenk.com Crenk

    Interesting news. It is good to see that Bwin is trying to improve their status in other European countries.

    • http://www.dotcominfoway.com/mobile-application-development/i-phone joaquinadley

      Quite interesting news for game lovers! They say their next plan is to expand into the Italian online gambling market. Lets see how that takes off in the near future!

  • http://www.ojointernet.com/noticias/bwin-a-punto-de-adquirir-gioco-digitale/ Bwin a punto de adquirir Gioco Digitale

    […] del proveedor austriaco de juegos de entretenimiento online Bwin Interactive Entertainment se han disparado al confirmarse que la compañía está en las últimas fases de las negociaciones para la compra Gioco Digitale, uno de los sitios de juego online más antiguos […]

  • http://plumfake.net/2009/09/bwin-compra-gioco-digitale/ Bwin compra Gioco Digitale | Plumfake

    […] Techcrunch apprendo (su soffiata di Aleinside) che bwin ha comprato GiocoDigitale per un valore tra i 90 e 95 milioni […]

  • http://plumfake.net/2009/09/strani-esperimenti-psichici-e-nuove-start-up/ Strani esperimenti psichici e nuove start-up | Plumfake

    […] e conservarla. A fine giornata queste notizie venivano analizzate da i ricercatori… Leggendo questa notizia, vengo a sapere che tra le top 10 start-up europee c’è my6sense di cui riporto il […]

  • http://www.imercati.net Marco Pizzo

    It seems a little overvalued at 95mill euros. If last week 10% of the company was valued 2 millions, as written on the Reuters news

  • http://www.facebook.com/people/Michele_Ficara_Manganelli/651995245 Michele Ficara Manganelli

    i work close to Paolo Ainio shareholder of gioco digitale … good deal !!!

  • http://www.geekissimo.com/2009/09/08/bwin-acquista-gioco-digitale-importante-mossa-nel-mondo-del-gioco-online/ Bwin acquista Gioco Digitale, importante mossa nel mondo del Gioco online - Geekissimo

    […] Via | TechCrunch […]

  • http://crga.info/casinos/online-casino-progressive-table-party-online-casino-reports/ Online Casino Progressive Table Party (Online Casino Reports) | Costa Rica Gaming Association

    […] Bwin To Buy Italian Online Gambling Site Gioco Digitale For An Estimated €95 Million (TechCrunch) Shares in Austrian provider of online gaming entertainment bwin Interactive Entertainment soared in early trading this morning after the company confirmed that it was in the final stages of acquiring Gioco Digitale , one of Italy’s oldest online gaming sites. According to the announcement, the boards of both companies and its shareholders have agreed on principle terms for the acquisition of 100 … […]

  • http://www.goebel.net/technews Markus Göbel

    Next day Bwin shares dropped 9.5 percent after a European Union court allowed gambling restrictions such bet websites. The 2.5 billion euro ($3.6 billion) online betting industry suffered a setback as the European Union said that a member states could be allowed to ban gambling websites if its intention was to stop crime.

  • http://bets911.com/online-casino/theres-change-in-the-air-as-smoking-ban-nears/ Bets 911 - There’s change in the air as smoking ban nears

    […] Bwin To Buy Italian Online Gambling Site Gioco Digitale For An Estimated a 95 Million Shares in Austrian provider of online gaming entertainment bwin Interactive Entertainment soared in early trading this morning after the company confirmed that it was in the final stages of acquiring Gioco Digitale , one of Italya s oldest online gaming sites. […]

  • http://ivantrajkovic.wordpress.com/ Ivan Trajkovic

    BWIN was already in the Italian gambling market with http://www.bwin.it. So they already had a break into the market a while ago – this deal will “just” expand it. I am interested to hear how will BWIN make the best of the French eGaming market liberalization!

  • http://poker-onlain.ru Antonix

    yes they are on IT market already

  • Anthony

    $$$ hey

  • http://www.right2bet.net Nate Pearce

    Good news for Italian punters! This will give them far more choice and better prices! For a petition to get the E.U to look at deregulating gambling law continent wide, please check out http://www.right2bet.net !

  • G

    nice win

  • http://www.bookiestore.com Pay Per Head Sportsbook

    Good move. I am curios to see if bWin will expand in other EU countries…

  • http://www.gamblersnation.com/ Gamblers Nation

    In my opinion, no one is really succeeding in bringing gambling to social networks..

  • http://www.ratan-keramika.cz Sylva Klimi

    Tak JE TO jasné , Ze Bwin SE snaží zlepšit Resetovat postavení v jiných evropských zemích . Jen tak dál….

  • http://www.facebook.com/people/James-Smith/100002516949933 James Smith

    Online gambling is on everybody’s lips that it has become a prominent event for the punters worldwide. It’s good news, bwin was already in the Italian online gambling market. pay per head sportsbook

blog comments powered by Disqus