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Gaming analysts throughout the world have had a great deal to talk about in recent months as two of the biggest international gaming sites begin high profil talks regarding a possible merger. International gaming giants PartyGaming and bwin represent two of the most powerful names in the industry and a combined company would form the biggest casino operator in the world. It is expected that such a corporation would be worth more than $3billion and it is no surprise that such a prospect is already stirring interest and excitement.
This year has proven an active period for PartyGaming, a company registered on the London Stock exchange. Following a difficult period for the operator, PartyGaming was forced to pay $300 million to escape prosecution for its gaming operations in the US. The settlement was passed prior to the establishment of the UIGEA. It is now hoped that the corporation will be able to operate fully in the US when legislation permits.
Talks begin bwin, an Australian company and PartyGaming are still said to be in the early stages with further discussions inderway. Many will be anxious to monitor the progress of such talks with such powerful names at stake. Experts are suggesting that such plans represent the first of many mergers in the future as many investors court business collaborations with high profile gaming operators. For now, bwin and PartyGaming will have a good deal to negotiate as all members of the gaming community look on in anticipation of one of the most significant mergers to date. Others will be anxious to observe the combined result of two of the world's most influential names.
This year has proven an active period for PartyGaming, a company registered on the London Stock exchange. Following a difficult period for the operator, PartyGaming was forced to pay $300 million to escape prosecution for its gaming operations in the US. The settlement was passed prior to the establishment of the UIGEA. It is now hoped that the corporation will be able to operate fully in the US when legislation permits.
Talks begin bwin, an Australian company and PartyGaming are still said to be in the early stages with further discussions inderway. Many will be anxious to monitor the progress of such talks with such powerful names at stake. Experts are suggesting that such plans represent the first of many mergers in the future as many investors court business collaborations with high profile gaming operators. For now, bwin and PartyGaming will have a good deal to negotiate as all members of the gaming community look on in anticipation of one of the most significant mergers to date. Others will be anxious to observe the combined result of two of the world's most influential names.
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