Top US Online Casinos
1. Jumba Bet Casino - $25 No-Deposit Bonus Plus a $1,200 Welcome Welcome package.
2. Bovada - Best bitcoin casino and massive welcome bonus worth 100% up to $3,000 Free.
3. Lucky Creek - 66 Free Spins Plus 166% up to $266 Free.

Party Gaming Merger With Bwin Could be on the Near Horizon

6 July 2010 by Devon Chappell

PartyGamingBwinAs reported by Reuters, Party Gaming is on a mission to consolidate the online gambling industry. Or perhaps I should say take over the online gambling industry. Of course, consolidation is the more politically correct way to put it. Side not tangent: Don’t you love how the term “politically correct” is such a misnomer, being political, yet always incorrect. Is that what they call an oximoron?

Anyways, I think I’ve lost track of my mind, and also of how many betting companies Party Gaming has already taken over. I’m sure it’s impressive, none the less. I mean, the fact that the world’s largest online gambling group is now in talks with the likes of Austria-based Bwin (a formidable European facing online betting giant in their own right), says a lot.

And while said consolidation, err…takeover has been slower than expected – at least according to Party Gaming’s expectations – the Gibraltar based conglomerate says it is very confident in its future crusades, the greatest of which is a merger with Bwin.

In fact, online gambling industry analysts concur that a merger with Bwin will likely act as a catalyst for a “wave of takeover activity.” It’s a tough claim to dispute, considering the very nature of the fragmented internet betting industry. In many ways, it will serve the industry in a greater light, providing more uniform regulatory guidelines, which needless to say, Gibraltar has done an excellent job promulgating. It will also provide greater operator transparency at large.

Oh and one more thing – it will definitely provide a boost for Party Gaming’s stock value on the London Stock Exchange. Although Party Gaming has seen a 2% decline in revenue for the second quarter this year, market analysts expect full year earnings (before interest, tax, depreciation and amortization) at about $150 million. In other words, not bad if you ask me.

Here at Online Casino Suite, we can’t be too upset over what amounts to the beginnings of a monopoly. The fact of the matter is that 1) it really will never become a monopoly in the truest sense of the word – the industry is way too diverse for that to take place, and 2) Party Casino is a great online casino to play at. All things said and done, they are one of the top non-US facing online casinos out there.

Tags: , , , , ,

Comments are closed.