There has been a multi-year supplier services extension agreement that has made it possible for the bwin.party entertainment which has its headquarter in Gibraltar, to remain one of the major suppliers of podiums and contents for Danish state owned operator, Danske Spil. This extension period is to be granted up to 2019, and is a continuation of partnership with bwin.party which has been in operation since 2012, when the operator launched casino and poker services for Denmark’s newly synchronized igaming market. Currently, Danske Spil is the major gambling operator for the Danish market with around 603 million euros in profits for the year, 2014. The extension period was announced by the CEO Norbert Teufelberger, who stated that that he was grateful that their studios business operator had decided to extend operations up until 2019.

888 Holdings is now in control of Bwin.Party in a stock and cash deal which is valued at £898 million.

The terms

This takeover has been rumoured since May where Bwin was trying to consider other offers which included a GVC Holdings offer of £908 million earlier in July. There was also another acquisition bid proposed by William Hill 6 months ago.