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Bwin - Partygaming merer sanctioned in Gibraltar

The Supreme Court of Gibraltar issued a court order sanctioning the merger between PartyGaming and bwin this week. The court order comes into full effect on 31 March 2011.

This development follows the announcement by bwin on 15 March 2011 that the merger had formally been entered into the companies’ registry in Vienna, Austria by the Vienna Commercial Court, the approval of the merger by PartyGaming and bwin shareholders on 28 January 2011 and the approval of the merger by various national anti-trust and gaming regulatory authorities.

As there are no outstanding conditions required to complete the merger process, the completion of the deal will take place at the end of March 2011 and the Company's name will officially change to bwin.party digital entertainment plc .

Source: InfoPowa News

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