PartyGaming and Bwin have officially announced their long awaited merger, while rumors have been circulating since 2009. The proposed merger between the two companies is expected to take place in the beginning of 2011.
Together they will become the biggest online gaming company in the world offering Online Poker, Casino Games, Bingo Online and Sportsbets.
The merger make perfect sense with the recent announcement that poker may soon become legal in the United States. In 2009 the combined income of both companies was an estimated $892 million, news of the recent merger cause an 20% increase of the PartyGaming’s stock trading on London Stock Exchange.