Party Gaming and bwin Announce Merger Plans

05/08/2010 10:08
Type Online Report
Theme euro

Online Poker, Casino, and Bingo giant Party Gaming and the well-known European Bookmaker bwin have announced plans to merge the two companies.

Prior to proceeding with the merger, company management will have to obtain approval from 75 percent of both Party and bwin shareholders at the shareholder meetings for their respective companies in the first quarter of 2011.

Shareholders are likely to approve the merger, as the strengthened market position across all sectors of online gaming should enhance share value.

If the merger proceeds as planned, the new company will become the world's largest publicly traded company in the online gaming sector. The company plans to be listed on the FTSE in London.

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