Bwin Not Talking About Possible Merger
December
31, 2009
There has been all kinds of speculation as to
whether or not Party Gaming and Bwin are in fact
merging – but you wouldn’t know if from talking
to Bwin. They are all very hush hush on the idea
that a merger might be taking place, but the
reports continue. In the Times and the Sunday
Times a report was published that said that they
were in fact in discussions to merge.
The report goes on to point out that if these
two online gambling companies do merge together
they would create a huge online gambling
conglomerate that would be worth more than £2
billion. They would be able to offer online
casino gambling, online poker, and sports
betting all from the one company. With the
reports coming out – the shares of both
companies took a huge leap and Party Gaming is
now worth £1.1 billion, while Bwin is valued at
about €1.3 billion.
This is not the first talks of merging that have
followed the online gambling company Party
Gaming. Earilier this year they were looking at
merging with GigiMedia. They are the online
gambling company that owns Everest Poker, but
instead they purchased CashCade who owns Foxy
Bingo. This enabled them to grow their Party
Bingo site to new levels.
Party Gaming has been looking for sports betting
so it is no wonder why they would be looking to
partner with Bwin to get that accomplished.
They have made many purchases lately, including
the World Poker Tour – so you can tell that the
company is planning on having a very big year.
