Rumours of Party Gaming and Bwin’s Merger Continue to Spread

Submitted by Gary on Wed, 2010-04-28 at 19:48

Bwin The potential merger between Party Gaming and Bwin has been speculated over for the past six months. Although the rumours have begun to dwindle, a recent report shows that the two companies are still in talks to join forces.

According to reports by Reuters India, Austrian-based magazine, Format, stated that the deal would be completed by the end of the summer.

“The merger should be wrapped up this summer”, an unnamed sourced told the magazine, before stating that the negotiations had entered an ‘intensive phase’. Several news sources have tried to contract Bwin for a statement, but the company has yet to comment on the claims.

Bwin already told reporters that it was not in talks with PartyGaming in December, nor was it negotiating with any other partners. A spokesperson for the company also stated that it was also waiting for more sector consolidation.

If Bwin and PartyGaming were to join forces, they would become the first ever “mega company” in the online gambling world. Estimates from financial sectors predict that the result of their merger would be worth over $4 billion. PartyGaming, which has lacked a sportsbetting department since its inception, would gain a valuable entity.

Although the recent comments have yet to be confirmed by either Bwin or PartyGaming,, they still offer some hope that the merger may, indeed, take place.