No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
BWIN.PARTY MERGER PLAN PRESENTED
Posted by Lenny S on 12/24/10 : The mechanics of building a billion Euro online gambling giant
Bwin Interactive Entertainment AG and Party Gaming plc have released details of the merger timeline and plans, which the duo claim will "....create the world's largest publicly listed online gaming group that will be ideally positioned to take advantage of the rapid consolidation of the online gaming industry and to open up new markets around the world."
The annual synergies resulting from the merger are expected to total approximately Euro 55 million, and it is anticipated that about three quarters of this amount will be achieved in the financial year 2012, with full synergies from 2013.
“The online gaming industry is going through a phase of consolidation, making market players’ size and geographic diversification more crucial than ever,” said Norbert Teufelberger, Co-CEO of Bwin in a statement this week.
"The new company will operate worldwide with its existing brands under the name of Bwin.Party Digital Entertainment plc, in which current Bwin shareholders are expected to hold 51.7 per cent of the shares and current Party Gaming shareholders 48.3 per cent.
“Our products and target markets complement one another perfectly, and we can continue to expand our technology lead in all key product segments: sports betting, poker, casino, bingo and games,” said Teufelberger.
Bwin.party will have its headquarters in Gibraltar and be listed on the London Stock Exchange. Besides a clear focus on business-to-consumer products, the company will also steadily expand its business-to-business and business-to-governments business.
“Our many years of online know-how, healthy balance sheet, and one of the largest pools of poker liquidity in any regulated market will make us an attractive business partner,” Teufelberger, who will head up the company as Co-CEO together with Jim Ryan, PartyGaming’s current CEO asserted.
The business operations of Bwin in Austria will be retained, where a newly founded subsidiary, Bwin Services AG will support selected areas of the group in Vienna.
The merger plan just published contains full details of the planned merger, and can be downloaded together with other documents from Bwin’s corporate website at www.bwin.org. The Executive Board of bwin will be convening an Extraordinary General Meeting on 28 January 2011 at which it will recommend shareholders to vote for the merger. Provided the general meetings of both Bwin and Party Gaming approve this merger, all shareholders holding bwin shares when the merger becomes legally effective – expected to be towards the end of the first quarter of 2011 – will receive 12.23 Party Gaming shares denominated in GBP for each bwin share. This share swap will be carried out automatically and free of charge.
Any shareholders not wishing to become shareholders in Bwin.party can sell their shares beforehand on the Vienna Stock Exchange or exercise their entitlement to a cash settlement. The amount of the cash settlement has been set at Euro 23.52. The exchange ratio and the cash compensation amount have been confirmed as adequate by independent experts.
It is estimated that the merger will create the world's largest online gambling corporate, with pro forma unaudited net revenues in 2009 from continuing operations of Euro 696.2 million, pro forma unaudited Clean EBITDA from continuing operations of Euro 193.7 million, and pro forma unaudited profit after tax from continuing operations of Euro 99.4 million (excluding transaction costs) for the year ended 31 December 2009 and pro forma unaudited net assets as at 31 December 2009 of Euro 1,276.7 million (after consolidation adjustments).
The two companies have released he prospectus in a circular to shareholders.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.