There has been a lot of speculation as to what has been going on with PartyGaming and bwin. The rumors can now be put to rest and the truth about what is going on has been revealed.

PartyGaming and bwin has just announced that they will merge and this is expected to be a very good thing for the two. Both are extremely well known and highly respected in the online gaming industry and the merger of them means a lot.

The Bloomberg News has valued this merger at just over 1.70 billion dollars. These companies have always appeared to be a good match and they apparently finally decided to put their strengths together in order to make one impressive presence.

Bwin is known for being one of the most well respected sportsbooking sites on the Internet. They welcome players with a great design and keep them satisfied with everything else they have to offer. PartyGaming is known for providing the ultimate in online poker and casino games.

It will take 75 percent of the bwin and PartyGaming shareholders to approve the merger. If that approval happens, then bwin will go ahead and transfer all of its assets and liabilities over to PartyGaming. The new company will then become incorporated in Gibraltar.

The new company will be run by the co-CEO of bwin Norbert Teufelberger and Jim Ryan, the CEO of PartyGaming.

This is expected to be a great merger for both of the companies and is definitely one to watch.