Impossibly Huge Merge
The sheer scope of the potential merger between PartyGaming and Bwin is hard to
consider – it’s huge, and a merger of this magnitude would seriously alter the
landscape of the global online casino gambling industry. Both of these companies
act as a top ten company within their sector of the gaming market – PartyGaming
has a corner on the internet poker offerings and online casinos while Bwin is an
internationally sound betting and wagering company that has developed strong
cross-market gaming strategies. The latest talks out of these companies indicate
that they are in discussions for a possible merger; but just talks at this point
according to industry news.
One of the more shocking figures to come out of these two online casino gambling
companies is the fact that the resulting consolidated behemoth would be worth an
estimated $3 billion. That’s right, a single company would then hold an enormous
share of the internet gambling market and would maintain major interests and
market share in nearly every prominent sector of the market, from online casinos
to skill gaming and betting. The fact that these merger talks in general are
occurring is not surprising, but rather the fact that a merger of this magnitude
is in consideration. Up until this point the larger companies have been
strategically acquiring smaller gaming businesses.
PartyGaming is primed and ready for this sort of transaction – the online casino
gambling group very specifically settled disputes with the US government so that
mergers and acquisitions were plausible. The US situation ended earlier in the
year and PartyGaming is not wasting any time with efforts to grow its business
and market share. |