Party Gaming and BWIN to Merge?
According to several sources, Party Gaming and BWIN are currently in talks of merging their companies together. If the 2 do merge together, the new group would be worth approximately 2 Billion Pounds.
Stories were first released last week in The Times and The Sunday Times stating that the 2 companies are currently in merger talks. This sent the stock price on each of the companies up bringing their market values to 1.3 Billion for BWIN and 1.1 Billion for Party Gaming.
According to eGamingReview, “BWIN AND PARTYGAMING have refused to confirm stories published in The Times and Sunday Times over the weekend that the two operators are in merger talks.”
A representive from Party Gaming told Reuters, “We don’t comment on rumor and speculation”. This was backed by a BWIN representative who described the talks as “pure speculation”.
If the 2 do merge it would mean that 2 could have a combined bigger poker site with even better promotions than the to have now and I would suspect they would most likely use the Party Poker name.
This should be an interesting story as it unfolds as I suspect there will be many more large mergers of companies in the gambling industry going forward with the increased focus on government regulation around the world.
Jamie said
am December 20 2009 @ 2:24 pm
if the owner of this poker site reads this, please can you get in touch with me with regards to some business id like to discuss with you, im sorry to post here but i have looked for contact information on the site but cant find any,thanks
Victor Chandler Affiliate said
am December 22 2009 @ 7:47 pm
Wow they are merging! I never would have thought that would happen, crazy! Thanks for the update, keep us posted plz!
MrsC
Harrah’s Pitches for Online Gambling said
am May 12 2010 @ 10:09 pm
[...] CEO Mitch Garber. Garber is one of the most respected figures in online gambling having headed PartyGaming and practiced as an attorney in the field of [...]