The big news late last month was that PartyGaming signed a merger deal with Austria’s bwin which would lead to the creation of the world's largest publicly traded online gambling company. bwin Interactive Entertainment AG and PartyGaming PLC entered an agreement to merge and form a Societas Europaea (European joint stock company) incorporated in Gibraltar and listed on the London Stock Exchange.
Despite this fact, Chief Executive of PartyGaming, Jim Ryan, said that PartyGaming’s search for new acquisitions is not over. Jim Ryan told the Daily Mail that he is still looking for acquisitions, even if PartyGaming signed the merger agreement with bwin.
Ryan said PartyGaming will “continue playing an active role” in the consolidation of the gaming industry, and that he is “confident about the group’s prospects” on strength of rising first-half revenue (as punters turned to the World Cup, they placed bets on the sporting event and turned away from poker – poker revenues fell from £59.3million to £53.6million).
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