Collaboration of Partygaming and Bwin would see largest egaming group
December 13, 2009, 11:47 am (8 years ago)
Gibraltar-based gambling firm Partygaming is getting ready for teaming up with Austrian rival Bwin, which could see the largest eGaming Group in the industry.
Both companies are alleged to have been discussing on the matter privately throughout last couple of month and are anticipated to be asked of to reveal and explain the situation when the financial markets open next week.
The news is surely going to be a good one for Partygaming’s investors, who witnessed the value of their stock dropped in 2006 when the Unlawful Internet Gambling Enforcement Act (UIGEA) was issued in the U.S. Back then, 90 percent of the players at PartyGaming sites consisted of players from North America. Lately, the company has revitalized with the launch of a new online gambling products and purchasing lucrative sites.
On the contrary, Bwin has expanded more and more across Europe and are now valued on the Vienna stock market at 1.3 million Euros. The company’s core strength is mainly produced by Sports Betting, particularly in its home country of Austria. Further more, it has included poker and casino to its online assortment, which has seen the number of player increase significantly.