Bwin Party Merger Details Announced

27th December, 2010

Two of the best online casinos in the world have released the details concerning their pending merger, which will see the creation of the largest online gaming company in the world.

Austrian based Bwin and Gibraltar licensed Party Gaming announced their merger in late 2010, with Bwin taking the majority share in what will be be a billion euro gaming company.

In a joint statement, both companies proclaimed the merger as being...

'...(it will) create he world's largest publicly listed online gaming group that will be ideall positioned to take advantage of the rapid consolidation of the online gaming industry and to open up new markets around thw world'.

The newly formed company will be called Bwin.Party Digital Entertainment plc, with Bwin accounting for 51.7% of the total shares within it. It will be based from Gibraltar and will concentrate on the key gambling products, namely casinos, poker, bingo, sports betting and fixed odds games.

Full details of the merger can be found at Bwin.org.