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BUZZ-Bwin.party: GVC sweetens bid proposal to about 1 bln stg

Reuters - UK Focus

** Gambling firm Bwin.party Digital Entertainment up c.3pct & among top gainers on FTSE 250 after smaller peer GVC Holdings (Other OTC: GMVHF - news) returns with higher c.1 bln stg bid

** GVC's proposal comes after its earlier 908 mln stg bid was spurned by Bwin in favour of a lower 900 mln stg offer from 888 Holdings

** Bwin touches high of 112p vs 122.5 p/shr offer

** Bwin confirms receiving GVC offer and says will make announcement as and when appropriate

(RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)