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Update On Bwin-Party merger
Posted 3/15/11 : Shareholders overwhelmingly approve merger, which enters the companies register
In a joint announcement this week, Bwin Interactive and Party Gaming plc report that their merger, which will create the world's largest online gambling company, is on track to complete by March 31, 2011.
Following the almost unanimous approval of the merger at the extraordinary general meetings of both Bwin Interactive Entertainment AG and Party Gaming plc on 28 January 2011, the proposed merger was formally entered into the companies’ register by the Vienna Commercial Court on 15 March 2011.
Subject to the formal approval from the Supreme Court in Gibraltar, the merger is expected to complete on 31 March 2011.
Bwin shares will cease trading on the Vienna Stock Exchange at close of business on 25 March 2011. For administrative reasons, trading in Bwin shares on the Vienna Stock Exchange must be suspended for three days prior to completion and also on the day of completion itself (31 March 2011).
On 1 April 2011, existing Bwin shareholders will receive 12.23 bwin.party depositary interests for each Bwin share free of charge. These depository interests can then be traded on the London Stock Exchange under the ticker symbol BPTY.L.
The exchange ratio of 12.23 bwin.party depositary interests for each bwin share will result in so-called ‘fractional entitlements’, rights to fractions of bwin.party depositary interests that cannot be traded on the London Stock Exchange. In accordance with the terms of the merger, these entitlements will be disposed of, and the proceeds of sale credited to the original beneficiaries (former Bwin shareholders) in a process that may take up to two weeks.
Following the approval of the merger in Germany by the Federal Cartel Office and in Austria by the Federal Competition Authority, Bwin has now also received anti-trust approval from the relevant authorities in Romania.
The new bwin.party depositary interests will carry a dividend entitlement with effect from 1 January 2010. The company’s dividend policy will be determined by the new board of bwin.party digital entertainment plc over the next few months.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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