Gibraltar approves merger between PartyGaming and Bwin
The last piece of regulatory approval for the pending merger between two of online gaming’s biggest brands, bwin and PartyGaming, now appears to be in place as Gibraltar has approved of the proposed partnership.
PartyGaming is based in Gibraltar, so its new merger had to receive approval by authorities there. And on Wednesday, “the Supreme Court of Gibraltar issued a court order sanctioning the merger of the company and bwin Interactive Entertainment AG,” reports the Wall Street Journal.
That’s in line with the company’s previous news that it anticipated the merger to be complete by the end of the month, March 31 — or next week.
“No further conditions precedent remaining to be satisfied as part of the merger process,” the Wall Street Journal article clarifies. “Completion of the merger is now expected to take place on the effective date, when the company’s name will change to bwin.party digital entertainment PLC.”