GVC Holdings’ bid to buy bwin.party is being jointly financed by Montreal, Canada-based Amaya Gaming.

bwin.party

The news comes as bwin.party weighs up rival bids from GVC/Amaya and 888 Holdings, which announced its intentions on Monday.

Reuters sources said that the GVC/Amaya joint bid would be valued US$1.69bn and would consist of cash and GVC shares.

Amaya has form for head-turning acquisitions following its $4.9bn swoop for PokerStars and Full Tilt last year.

Source: Reuters