Thursday, 3 February 2011

Giant gaming company voted in

GIBRALTAR (Agencies) As we announced in August last year, Vienna-based Bwin Entertainment and local company PartyGaming finally announced the merger of the two online betting giants, on which shareholders voted at last weekend. The new group is to be called Bwin.Party Digital Entertainment plc, a move that comes after a year of intense negotiations. The Chief Executive Officers of both companies, Jim Ryan and Norbert Teufelberger, will run the new Bwin Party Digital Entertainment jointly. The new company is said to be worth €2.4 billion, and will be listed on the London Stock Exchange. Bwin holds 51.7% of the shares and PartyGaming, 48.3%.


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