/biz/ - Business & Finance

Whos having FUN tonight?

Norbert Teufelberger - Who is this guy you might ask?

Norbert Teufelberger is Chief Executive Officer, Bwin Party Digital Entertainment PLC https://www.bloomberg.com/profiles/people/3327820-norbert-teufelberger

He is also currently a sitting Board Member of GVC Holdings PLC.

GVC Holdings PLC - What is this you might ask?

GVC Holdings PLC is an e-gaming operator in both B2C and B2B markets. The company's line of business includes the provision of internet gaming, sports betting, casino, poker and bingo services.

https://www.bloomberg.com/quote/GVC:LN

Why is this relevant?

GVC Holdings Plc agreed to buy U.K. bookmaker Ladbrokes Coral Group Plc for as much as 4 billion pounds ($5.4 billion) as gambling companies seek greater scale in a business that’s shifting online. A combination of GVC, which owns online gambling platforms including Partypoker and Sportingbet, and betting-shop operator Ladbrokes Coral could spark even more consolidation in the sector. Ladbrokes Coral, whose traditional betting shops in the U.K.’s town centers are fading, would get more exposure to the expanding digital gaming business, while GVC could reach more potential customers for its online platforms.

https://www.bloomberg.com/news/articles/2017-12-22/gvc-to-buy-online-bookmaker-ladbrokes-for-up-to-5-4-billion

HERE is where it gets interesting...

In their most recent company update the FunFair team said they brought aboard Stefan Kovach as a marketing consultant...

Check out Stefan's history on his Linkedin...

https://www.linkedin.com/in/stefankovach/

Stefan was Director/Brand Communications for Bwin before he joined Pokerstars...

Norbert Teufelberer is current CEO of Bwin and on board of GVC which just bought out another online gambling group in hopes of scaling to MORE ONLINE GAMBLING....1+1 = 2 yeah?

im just having a lot of FUN