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Online PokerJuly 31, 2010·1 min read
PartyGaming and Bwin Merge to Dominate Online Gaming Market
PartyGaming and Bwin announced their merger on July 29, 2010. The merged company will be controlled by Bwin, which will own 51.6% of the shares. The merger aims to strengthen the companies' positions in online poker, online casino, sports betting, and bingo.
The combined company will have a user base of 12 million poker players from the USA. The merger is expected to be finalized in the first quarter of 2011, pending approval from 75% of shareholders. The merger will create a new company with combined revenues of €682,000,000 in 2009.
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