Five things you need to know in gaming today – Monday, February 16

Five things you need to know in gaming today – Monday, February 16

Monday, February 16, 2015 Totally Gaming

Just days after news of one of the biggest potential takeover deals in the industry emerged out of the blue, talks between UK bookmaker William Hill and 888 have already been curtailed. Reports suggested that William Hill had made an approach of 200p per share, valuing but the discrepancy over the asking price for 888 would appear to be too great between the two parties. William Hill noted a “significant difference of opinion on value with a key stakeholder” while 888 chief executive Brian Mattingley said: “The company is in good health and continues to trade comfortably in line with expectations". So any deal is off – for now at least...

Meanwhile bwin.party’s share price has tumbled since reports on Friday that it has ended talks with a number of potential purchasers. The company lost about 20 per cent of its value on the London Stock Exchange on Friday, three months after it released a statement announcing that it was in “early stage talks with a number of parties,” believed to include Amaya Gaming and William Hill. The share price had at least recovered slightly to increase by six per cent on Monday…

Another reported suitor was Playtech, which has announced one acquisition today in the shape of cross-platform casual games specialist Yoyo Games for $16.4m (€14.4m). Playtech said it had decided to buy the creator of Game Maker: Studio (GMS), a mobile-driven development technology, in order to “extend its expertise and knowhow in the development of casual games”…

Meanwhile, casual gamers and readers of UK newspaper The Sun will soon be able to enjoy Sun Play, after a deal struck between mobile gaming platform provider Nektan and News UK. Nektan will provide free-to-play and real money games via its Evolve platform. Neil Martin, News UK’s business development director, described Nektan as the “stand-out partner”…

Nio has agreed to buy rival online gaming firm Gaming Innovation Group (GiG) in a share exchange agreement that will lead to the creation of a new company. GiG is the owner of Guts.com and iGamingCloud.com, and Nio chief executive Kjetil Myrlid Aasen said: “The agreement strengthens Nio’s iGaming position, capabilities and value creation potential.”

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