ONLINE POKER GIANT

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.