current news
Talks of Merger between Online Casino Operators
Two of the world’s larges Internet gambling companies, PartyGaming PLC and bwin Interactive Entertainment AG are presently in talks about a possible merger that could result in the creation of a multi-billion pound “gambling giant” that could control about 15 percent of the European online casino market.
It was reported recently that PartyGaming Plc, trading on the London Stock Exchange and valued at approximately 1 billion pounds and Austrian bookmaker, bwin Interactive Entertainment AG, trading on the Vienna Stock Exchange and valued at about 1.2 billion have been negotiating a merger for quite some time in an attempt to form a huge online casino, poker and sportsbetting operator with a value of more than $4 billion.
Despite these ongoing talks bwin’s head of investor relations, Konrad Sveceny, reported that negotiations were still at a preliminary stage and that they are also having some successful talks with many other competitors, including Italy’s Gioco Digitale.
At present bwin has the largest European market share among publicly listed online casino operators with 8 percent, PartyGaming is second with 6.3 percent and the closest competitor is the U.K.’s second-largest bookmaker, William Hill with 4.5 percent.
The fact that Bwin has one of the largest online sportsbook operations in the world and would like to increase its online poker numbers while PartyGaming has the fourth largest online poker room and wants to expand its sports betting business would see a merger between these two companies make a lot of sense.
There is bound to be a surge in mergers and acquisitions among gambling companies in Europe due to the anticipated opening of the U.S. online casino market.







bwin Poker news and promotions as RSS feed