New Merger details released by Party Gaming and BwinDecember 28, 2010, 10:56 am (6 years ago)
More vital details have been unleashed lately regarding the prospective merger between the two greatest entities of the gambling industry, Bwin and Party Gaming.
The shareholders were briefed by Bwin regarding the prospective merger and that it is anticipated at the end of first quarter of 2011.
One of the most momentous declarations was that the newly merged group will be titled as bwin. Party digital entertainment plc.
Both of the renowned companies will operate their own core brands, but will be working under the new name.
The merger between the two gaming giants will witness the formation of the biggest publicly listed gambling company worldwide.
Bwin will be the majority share holder of the group with 51.6% whereas Party Gaming will be enjoying the rights on 48.4% of the shares.
The shareholders of Bwin will get 12.23 new shares for each existing share they own in Bwin.
The upcoming net revenue for the group is anticipated to reach approx €700 million, with net profits touching the momentous mark of €100 million.
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