Bwin Interactive Entertainment AG and PartyGaming Plc. have announced they will be merging, meaning they will now be the largest publicly listed online gaming group. The merger is estimated to total 55 million euros, an amount which will be achieved in the 2012 financial year.
The Co-CEO of BWIN commented on the compatibility of both the Partygaming and BWIN brands and said that collectively they can expand technology and lead in key products: sports betting, poker, casino, bingo and games.
The newly names bwin.party will have their headquarters in Gibraltar and will be listed on the London Stock Exchange. With one of the largest pools of poker revenue and a very impressive list of products the combined experience of these two gaming giants will now rival every other multi-product igaming company.
Shareholders should be happy, as they will now benefit from both companies and the anticipated success of bwin.party. Any shareholders not wishing to have their shares converted to the new company are encouraged to sell them at an approved rate.
The future of online gaming is clearly going to change now that two powerhouses have merged to form what will now be an unrivalled casino, bingo, poker, sports book and games operation.
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