..

Bwin and PartyGaming Will Remain As Separate Brands After Merger

Written by:
Aaron Goldstein
Published on:
Dec/27/2010
Bwin, PartyGaming Merger

With the biggest merger in online gambling history soon to take place with the start of the new year, Austria’s leading sports betting firm, bwin, and the 4th largest online poker room in the world, PartyGaming, have announced they will retain their brand names post-merger.

bwin shareholders will hold a 51.6 percent stake, while current Party Gaming shareholders will hold 48.4 percent.  The two brands will operate under an umbrella company, bwin.party Digital Entertainment plc.

Jim Ryan, Chief Executive Office of Party Gaming, will join Norbert Teufelberger to become Co-Chief Executives of the merged company.

The merger would create a business with unaudited net revenues of €696.2m, unaudited clean EBITDA of €193.7m, unaudited profit after tax of €99.4m and unaudited net assets of €1.27bn after consolidation adjustments for the year ended 31 December 2009, according to documents released by the companies in recent days. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

Satoshi Nakamoto a Troll Killer?

Satoshi Nakamoto a Troll Killer?

Cyber-bullying is a real thing and now punishable with up to a year in prison in Japan.

You Can Bet on the Price of Ethereum

You Can Bet on the Price of Ethereum

If you feel it's too risky to own some Ethereum due to price fluctuations, no worries.  Now you can simply place bets on where the price of Ethereum will be at various time frames.  You can also use Ethereum to place bets on BetOnline.

Granath v Wright Trial Concludes: Ruling Forthcoming

Magnus Grath vs. Dr. Craig Wright was set to determine if Grath's hateful tweets against Wright can be deemed as lawful in a Norway court.  Proving slander is not enough to have an individual held liable for their actions in the Nordic nation.  Those actions include allegedly mocking a man with autism, including the use of hashtags.

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

One witness claims to have seen the Bitcoin white paper provided by Dr. Wright prior to its launch. “It was like I’d seen a ghost," he testified after seeing the white paper years later when Bitcoin was already becoming all the rage.

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Canadian accounting firm MNP published a report in November 2021 titled “The Search for a More Efficient Blockchain,” found that BSV was the most efficient network of those it investigated. This was due to BSV’s unbounded transaction processing capacity and the network’s use of more up-to-date hardware.

Syndicate