Lee Davy rounds up all of the weekly poker news including a revised bwin bid by GVC Holdings; Phil Ivey countersuing The Borgata in baccarat case, and much more.

Put the kettle on, huddle together like group therapy, it’s time to trawl through the nets of the world poker scene to see what tidbits of news we have captured this week.

We will start with the bwin sale soap opera. The last time we reported on this pow-wow 888 Holdings had agreed to acquire the online gambling giant for £898m. Heads of both outfits went public with their delight on the deal and most people thought that was the end of that – except GVC Holdings that is.

After their initial £900m bid was rejected they divorced their former lover Amaya Gaming Inc. and jumped straight into bed with Cerberus Capital Management with the newlyweds offering a fresh new bid of £1 billion.