888 Share Discussion Threads

[hubshank] 15/7/2015 09:25

Guess not then! Lots of names been and gone. I scrolled through old party thread I ran years ago, many names vanished from there!

[gotnorolex] 15/7/2015 08:56

Guidfarr Last post Feb 2013 made a mint and retired to Tuscany‎ I think. He was an excellent moderator with working experience in gaming. He bet the farm when it collapsed to 28p and went off the RADA around 150p.Nice work!
Grizzlybare another stalwart, last post July 2010 obliging guy made a mint and retired in Thailand.

[stephen1946] 15/7/2015 07:23

guidfarr alas may have stopped posting, was a regular 3-4 years ago on most gaming sites, but I have not seen a post from guidfarr for maybe 12 months.

[hubshank] 14/7/2015 16:38

guidfarr. Any chance you could update the business split section of your header? ie what percentage of business is coming from where.

[stephen1946] 14/7/2015 16:36

888 price will fall if victorious and I buy my holding back with just a few extra. IF!

[hubshank] 14/7/2015 16:31

I think lots will have been done behind closed doors - as I posted last week, perhaps whilst sailing off the coast of Spain in the corporate yacht over the weekend.

[stephen1946] 14/7/2015 16:29

how about after close rns? or maybe 1st thing wed.

BPTY AND 888 match made in vegas. Sorry but I want to see some of that egg on some of those smug faces that assumed they had won.

[oohrogerpalmer] 14/7/2015 14:44

I cant believe that 888 are only just entering the race , it sounds like it from the reports when the others have already run 2 furlongs !!!

If so then it could all be too late.
Will be interesting to see what happens after their meeting.

[hubshank] 14/7/2015 11:54

This was posted on the BPTY thread (I imagine by Frankie) however it highlights that BPTY and AYA are already in bed together! This might make things tricky for 888 if they were to make a move. That said, they would have known about it for years and have previously expressed an interest in BPTY.

hxxp://calvinayre.com/2013/11/07/business/borgata-accepting-new-jersey-online-gambling-signups/

[stephen1946] 14/7/2015 06:11

one of the reasons cited by 888, why the 888 and bpty deal works is, the close cultural ties between the companies that were both founded in Israel.

Well that just about says it all, they are having a laugh, surely????.

The next line should be, "both companies founders were pals of Moses"

For me this mess just lost touch with reality.

[oohrogerpalmer] 13/7/2015 18:14

By the sound of the last report they are offering the same amount , just hoping that they can convince them of the greater prospects of going with 888.

It appears that GVC/Amaya are in pole position ?

[loganair] 13/7/2015 15:35

If it is correct that GVC have offered 110p a share for Bwin then I in my good opinion 888 will need to offer a little more.

[trentendboy] 13/7/2015 12:18

No doubt that the 888 synergies make sense

[gotnorolex] 13/7/2015 12:17

Some more of the same!
888 prepares final approach for bwin.party
Posted by: Ted Menmuir July 13, 2015 in Europe, Latest News, Sportsbook, UK Comments Off
bwinpartyThis week marks a crucial chapter in the battle for bwin.party Entertainment, as industry analysts expect 888 Holdings to counter the £906 million reverse takeover offer put forward by GVC Holdings.
At present GVC are thought to be front runners in the acquisition, as last week bwin.party governance confirmed the £908 million cash and new shares bid, which values bwin.party stock at 110p per share.
Although the operators have not entered exclusive talks, bwin.party stated that it would work with GVC governance in order to formalise the deal which it would than present to its shareholders in order to proceed with the reverse takeover.
Industry commentators believe that any bid by 888, will represent the company’s last roll of the dice at acquiring bwin.party.
It is unlikely that 888 will out-match GVC’s £906 million offer, the Israeli operator will likely point to the stronger corporate synergies between bwin.party and its operations. These include offices in Gibraltar, listings on the London FTSE, shared technology platforms and close cultural ties as both 888 and Party Gaming were founded in Israel.
Embattled bwin.party has outlined its potential sale since the start of 2015. The operator has focused on its core business assets as it looks to find an optimal value for its potential sal

[stephen1946] 12/7/2015 16:49

My take on this at this stage is, 888 have managed to turn round the lame duck that was 888 4-5 years ago, so 888 know the market, if 888 think bpty is not worth any more than £1.10 a share, 888 know something is wrong, 888 know it is a true basket case. I wanted 888 to get party poker because I could see 888 growing quicker with party poker in 888 ownership, if Brian Mattingley thinks bpty is best left alone above £1.10, I have every confidence in him and bow to his judgement.

It will be interesting to see how GVC/Amaya cope with what 888 regard as a bad buy, over £1.10, I will follow Mattingley advice and cut and run and watch from the sidelines, having voted to accept the money.

[stephen1946] 12/7/2015 10:25

doesn't the lack of foresight/ambition fill you with dread, the market as a whole HAS to consolidate and each company has to build scale or perish.

Ladbrokes looked at 888 and decided it could do better without it, look where they have finished.

888 must have the contacts that would provide long term or short term borrowing, Amaya is a case in point, how to borrow money, to remain as a minnow is to be taxed out of existence, 888 cannot remain in its present form, so just who else is left to buy??

888 is resting on its laurels whilst, WMH, GVC, Ladbrokes/Coral are building towards some sort of larger scale, sorry but if this is what 888 see as progress then the wilderness beckons.

[oohrogerpalmer] 12/7/2015 09:58

I assume when you say 888 will suffer a real drop in earnings you are relating to the states ?
Earnings in the states are currently peanuts so it would mean if GVC/Amaya are successful then 888 have less potential market in the states rather than loss of earnings !!!
As you say time will tell.

[stephen1946] 12/7/2015 07:50

Page 3 in the sunday times a piece written by Daniel Dunkley, states the race for bwin is still a two horse race, 888 are unlikely to raise their offer, they will try to convince bwin that 888 paper is more valuable than gvc/Amaya. we will see.

On the personal view I hold that a gvc victory will blow a huge hole in 888 earnings, you need to get into the facts of the USA MARKET, quite simply 888 are in front of Amaya in all currently licensed online operations.
What Amaya cannot fight is the "Bad actor" clause that is present in all current licensed states and ultimately present in all proposed new states plans for online gaming.
Victory in the fight for bwin gives GVC/Amaya a name that has no "bad actor" clause attached to it, Party poker was, prior to black Friday the leading brand in the USA, by miles, and would instantly become a massive earner again with Amaya behind it, PLUS Amaya could apply for licenses in the USA (California, Pennsylvania in the event they open up on online gambling) through Party poker. Currently bad actor clauses are included in all bills, the tribes particularly wont allow poker stars/fulltilt to apply.
888 will suffer a real drop in earnings and the talk of a sale to another party is premature, I cant see anyone spending a fortune on Due diligence, only to be told a required figure at the end, a figure that was ambitious previously, (£3 a share) a figure that would be absurd now.

888 are on the face of it, unambitious, and will now get left behind, Ridiculous??? time will tell, but with out victory here, I am out altogether.

[oohrogerpalmer] 11/7/2015 22:49

Whether 888 bid for them or not i think you are seriously under-estimating the 888 management.
They didn't turn down WmH offer just for the sake of it, they genuinely believe it was seriously well short of where 888 will be in a few years time.They are a shrewd set up and they see the longer term prospects for the gaming industry not only for USA but China as well.

A lot of people are for ever downgrading the gambling industry but at the end of the day it is a growing industry and even with regulation its here to stay and grow.
There will be a lot of consolidation in the sector over the next few years and i am willing to bet (no pun intended) that 888 will be at the forefront of it all.

Why people think that 888 will be wiped out in the states if they don't win the race is beyond me , are they saying only one company can operate there !!!
888 have major competition in every country they operate in , the states will be no different , yes it will help if they did bid and win BPTY but to say they are finished if they don't is ridiculous.
I know where my money is long term !!!

[stephen1946] 10/7/2015 19:37

Mozart, I have said quite clearly why I don't think 888 have been smart in the last 6 months, now should this silence be a ploy, fair enough, but 888 need bpty usa facing units, with them in Amaya hands I cant see how 888 can prosper.

I have never expressed anything but contempt for the way bpty is run. I bought bpty at 76p when the for sale sign went up.

Circumstances change minds. as you should know from arena leisure days, from a great share to a dog in months.

[mozartprodigy] 10/7/2015 19:23

I really cant see how you thought bpty had no risk in the last 8 9 odd years as they have struggled since 2006. Gvc atated they have put a bid together for BPTY. Its not a definite they have bought them. 888 haven't made a statement as yet so let's watch this space. It was only a couple of months ago 888 couldn't do wrong in your eyes...

[stephen1946] 10/7/2015 19:11

Just to add Mozart, you and I been on iii and advfn long enough to know our onions, and with party poker, Amaya will take over 888 dominating position in N.J. and maybe even Delaware, I cannot understand why they allowed bpty to be taken out so cheaply. Obviously that is only my opinion but based on 4 years watching the USA market development. Why did 888 turn down WMH offer if they are content to amble along with no obvious ambitions?

Again I am now assuming that 888 are not going to submit a decent bid for bpty and on that basis, through my own thoughts I see no future in 888, I buy for growth and dividends and try to avoid risk no matter how small that risk is.

Growth prospects for 888 from here are nil, imho, priced at £1.60 in a declining market, imho, 888 is unlikely to be of interest to many, taking into account the utterly crazy valuation that the Israeli`s put on 888, I would not be surprised if 888 now took on the mantle vacated by bpty, unloved, unwanted, cheap.