Party Gaming and Bwin have finally settled on an merger agreement yesterday. Bwin will now own the majority share.

Bwin will receive 51.6% of the new company while PartyGaming’s share is 48.4%. The combined market cap of the two companies is approximately €2.7 billion. Total revenue in 2009 was €682 million for the two companies and earnings €196 million.

Party Poker Cash Game

The competition is divided into seven levels. At each level, players will need to play 400 hands in a day with the most profitable players advancing towards the final table which takes place on 7th May.

Level 1: Stakes: 0,50$/1$ no-limit Hold’em – 5th to 9th April (five days)
Level 2: Stakes: 0,50$/1$ no-limit Hold’em – 12th to 16th April (five days)
Level 3: Stakes: 1$/2$ no-limit Hold’em – 19th to 21st April (three days)
Level 4: Stakes: 1$/2$ no-limit Hold’em – 26th to 27th April (two days)
Level 5: Stakes: 2$/4$ no-limit Hold’em – 29th to 30th April (two days)
Level 6: Stakes: 5$/10$ no-limit Hold’em – Play starts at 16:00 ET on 3rd May
Final Table: Panokset: 25$/50$ no-limit Hold’em – Play starts at 16:00 ET on 7th May

To be part of the OCGC, players must opt in before the end of level 1 and play a minimum of 400 hands on one day during each level. They can play on as many days of each level as they choose.

Party Poker is hungry for American players again

PartyGaming, the owners of Party Poker, say they will continue lobbying in America despite increasing fears that US online poker licenses will be granted only to domestic operators if Washington, DC repeals the UIGEA online gambling bill.

Senator Robert Menendez’s recent Internet Poker and Games of Skill Regulation, Consumer Protection and Enforcement Act contains a clause which can be interpreted as protectionist and allowing the US to deny licenses from overseas operators.

YESSSSSSSSSSSSSSSSSSSSSSSSS!!!    FEED ME MY PARTY POKER!! IT’S BEEN WAY TOO LONG