Online Casino Blog

July 30 – The largest share of 51.64% of the London Stock Exchange listed merged entity will be owned by Bwin while PartyGaming (operators of sites like Party Poker) will hold 48.36%. Bwin has a current market capitalisation of 1.4bn, and PartyGaming has a market cap of 1.1bn. The two Chief Executives, Jim Ryan of PartyGaming, and Norbert Teufelberger of Bwin, will become joint chief executives of the merged company. Current Bwin co-chief executive Manfred Bodner will become a non-executive director on the board of the enlarged group. According to Ryan: "This is a transformational opportunity for both our companies  [ Read More ]