PartyGaming on course for Bwin merger
PartyGaming say their merger with Bwin remains ‘on track’.
The online gaming company, operator of sites such as PartyPoker and FoxyBingo, made the comments in a pre-close trading update dealing with the period covering the end of the September onwards. The update added that shareholder documents connected to the deal will be released ‘shortly’, with the merger set to be finalised in March.
“The proposed merger with Bwin remains on-track to complete at the end of the first quarter and should place the combined group in a strong position to take advantage of the changing regulatory landscape in Europe given its leadership positions across all key product verticals,” said Jim Ryan, chief executive officer of PartyGaming.
The two companies released a joint statement back in November confirming that the deal was still on course following market speculation to the contrary. The proposed merger was first announced in July and would create the world's largest listed online gaming business.