PartyGaming and bwin Get Merger ApprovalPublicly-Listed Gaming Operators Agree To Merge By April 1, 2011 |
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PartyGaming and bwin shareholders cleared the way for the merger of the two companies Friday by voting through all resolutions approving the move.
The companies will become one entity, known as bwin.party digital entertainment plc, on March 31, 2011.
Jim Ryan and Norbert Teufelberger, the likely co-CEOs of the enlarged group, said,”Today’s shareholder meetings were a key milestone in the overall process, putting the transformational merger of our two companies well on the way to Completion. We are delighted that both sets of shareholders have overwhelmingly recognised the strategic, operational and financial benefits of creating the world’s largest listed online gaming company.”
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