UK-listed online gambling operator GVC Holdings appears to have dramatically boosted its online bingo portfolio by reportedly acquiring UK operator Cozy Games.
Earlier this month, some sharp-eyed bingo affiliates noted that the UK Gambling Commission had revised the licensing details of the Cozy Games family of online bingo sites. The sites are now listed under the licensing umbrella of GVC subsidiary ElectraWorks Limited, along with GVC’s flagship brands Bwin and PartyPoker.
Individual Cozy Games’ bingo sites have also updated their licensing information, indicating that they are operated by ElectraWorks in the UK but remain under the control of the Isle of Man Gambling Commission-licensed Cozy Games Management Limited in the rest of the world.
Despite the changes having been spotted a couple weeks ago, neither GVC nor Cozy Games has yet to publicly comment on the licensing switcheroo, so we don’t yet know what price GVC paid for the acquisition.