Earlier this year, Bwin and PartyGaming announced that they would, indeed, be merging. The online gambling industry rejoiced at the news but details of the merger have been kept quiet. It was only recently that the two companies issued a statement, stating that the deal was “on track”.
Industry professionals have made their thoughts known about the slow process of the merger and Bwin wanted to address these concerns. The company states that the deal will be completed during the first quarter of 2011, and it does not anticipate any hurdles that will prolong the process.
Once Bwin and PartyGaming merge, they will be the biggest listed online gambling company in the world, with assets valued at more than €55 million. So, it is imperative that the two companies take their time in ensuring that the deal is carried out with great care. Despite the industry’s impatience, it is importance for Bwin and Party Gaming to ensure that the agreement is fair for both sides of the merger while taking into account the industry’s eagerness to work with the new online gaming giant.
Early 2011 seems to be a fair estimate and is less than a year from Bwin’s original announcement of the merger. So, it won’t be long before the new Bwin-PartyGaming mega-power steps on to the online gambling scene.