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

Start My Own Online Sportsbook From Canada

Start My Own Online Sportsbook From Canada

The Raptors were on the verge of making it into the NBA Finals for the first time in their history.

Trial Sports Book Sofware

Trial Sports Book Sofware

Our friends at Wagerhome are offering up to a 4 week free trial period to test what they claim to be the most advanced sports book software.

60 Minutes Looks at Bitcoin

60 Minutes Looks at Bitcoin ...And the Guy Who Spent $800 Million of it on Pizza

This Sunday May 19 at 7 pm EST on CBS (though most certainly delayed a bit with the conclusion of the PGA Championship), the long running CBS news magazine takes a look at the cryptocurrency bitcoin.

Bitcoin Eclipses $8K Mark

Bitcoin Eclipses $8K Mark

Just a day after Bitcoin shot over the $7000 mark, the cryptocurrency has now peaked at over $8000, hitting $8169 before dropping back to around $7900 Monday night.

Create a Bookie Website

Create a Bookie Website

You can create a fully customized professional bookie website in under an hour, no matter where you live, no matter how many customers and for just a mere $5 per player per week.

Syndicate