Bwin and PartyGaming confirm that the merger is on track
Bookmakers Top Buchmacher

Bwin and PartyGaming confirm that the merger is on track

 

Bwin bookmaker issued the following press release on 04.11.2010:

"Vienna/London - The boards of bwin Interactive Entertainment AG and PartyGaming PLC and have become aware of some speculation in the market concerning the proposed merger of both companies. Both companies confirm that the process is on track and the merger is expected to complete in the first quarter of 2011."

Norbert Teufelberger, bwin's co-CEO, commented: “The timing of this merger is optimal, as the industry is currently going through a phase of consolidation, and size does indeed matter.”