Bwin and Party Nearing Merger

Things seem to be progressing well for the proposed merger between two of the biggest companies in the online gaming industry; one is successfully traded on the London Stock Exchange and the other is traded on the Vienna Stock Exchange, with both companies boasting an extensive and successful portfolio of online gaming products.

PartyGaming, the Gibraltar based online gaming giant that boasts operating the largest online casino in the world, and Bwin, the Austrian based gambling company that initially focused on sports betting but in recent years has expended its operation to poker, casino and instant win games, are nearing the conclusion of their agreed merger.

Back in the end of January 2011 the shareholders of both companies approved the draft merger with Bwin shareholders agreeing unanimously and PartyGaming shareholders consenting with an overwhelming majority of 99.4%.

Bwin has released a formal statement informing that this week the merger was officially entered by the Vienna Commercial Court register and that its shares will no longer be traded on the Vienna Stock Exchange staring 25th March.

The completion of the Bwin.Party merger is planned for 31st March 2011, pending the official approval of the Gibraltar Supreme Court, and will create the world's biggest online gambling company responsible for dozens of brands, many white labels and an extensive sports sponsoring operation with some of the most prestigious sports clubs in Europe.