Welcome To The Casino Watchdog Gaming Forum & BingoT's Bus Tours LLC. Come check out all the great offers today. Or plan a Bus trip to Foxwoods & The Mohegan Sun Casino
Welcome To The Casino Watchdog Gaming Forum & BingoT's Bus Tours LLC. Come check out all the great offers today. Or plan a Bus trip to Foxwoods & The Mohegan Sun Casino
Home | Profile | Register | Active Topics | Members | Search | FAQ
Username:
Password:
Save Password
Forgot your Password?


Top Ranked Casino
Top Blackjack Odds
Top Slot Machine Odds
Best Poker Room
Best Casino Bonus
Please visit this other player friendly forum at http://www.freewebs.com/bingot1/

 All Forums
 *Welcome To The Casino Watchdog Gaming Forum*
 Online Casino Discussion
 Merger between PartyGaming and Bwin
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

PartyT
Administrator

USA
24566 Posts

Posted - 03/26/2011 :  09:21:09 AM  Show Profile  Visit PartyT's Homepage  Send PartyT a Yahoo! Message  Reply with Quote
Gibraltar approves merger between PartyGaming and Bwin


Merger to happen on schedule, says Bwin
Bwin bosses have rubbished speculations that the firmís merger with a key rival was suddenly in doubt.

Business media reported recently that plans to cooperate with British competitor PartyGaming from next year have been hampered by delays in Bwinís bid to start doing business in several new countries.

The Austrian firm has been confronted with differing federal market restrictions as it tries to increase the number of countries in which it is operating.

Now CEO Norbert Teufelberger dismissed rumours that the ongoing negotiations with officials were putting the planned merger at risk.

"We are confident that the merger will happen by the end of the first quarter of 2011," he said today (Thurs), adding that he and his team have been "very busy" in getting the go-ahead by various cartel authorities

Teufelberger explained that Bwin may reduce its staff number in upcoming "restructuring measures" in the merger with PartyGaming. He said the firmís headquarters will be relocated from Austrian capital Vienna to Gibraltar, adding that it was impossible to say by now whether employees currently working for Bwin in Vienna will be made redundant.

The Bwin boss said his companyís net profit declined from 26.9 million Euros in the third quarter of 2009 to 8.7 million Euros in the same period of this year.

Bwinís gaming revenues before taxes however rose from 101 to 123.3 million Euros year on year, he added.

Meanwhile, Bet-at-home, one of Bwinís major rivals, managed to get back in the black during the first nine months of this year.

The firm, which is listed on the Vienna Stock Exchange (WBAG) and on the Frankfurt Stock Exchange (FWB), achieved earnings before interest, taxes, depreciation and amortisation (Ebitda) of 6.61 million Euros after a loss of 2.19 million Euros in same period last year.

Increased betting activity during this summerís Football World Cup has been identified as the major reason for the positive development of Bet-at-home, which is based in Malta.

http://austrianindependent.com/news/Business/2010-11-18/5367/Merger_to_happen_on_schedule,_says_Bwin_

BingoT's
Back to the main page of The Casino Watch Dog

arsah
Starting Member

4 Posts

Posted - 09/07/2011 :  01:07:24 AM  Show Profile  Reply with Quote
Thanks for the information.

http://www.spelaspel.se/casino/
http://www.winning-lottery-numbers.co.uk/
Go to Top of Page
  Previous Topic Topic Next Topic  
 New Topic  Reply to Topic
 Printer Friendly
Jump To:
Welcome To The Casino Watchdog Gaming Forum & BingoT's Bus Tours LLC. Come check out all the great offers today. Or plan a Bus trip to Foxwoods & The Mohegan Sun Casino © Casino Watchdogs Go To Top Of Page
This page was generated in 0.14 seconds. Powered By: Snitz Forums 2000 Version 3.4.05