Party Poker Merges to create Giant Company

Posted on by RTR Rachel

PokerStars has been the giant of the online poker world ever since taking this position from Party Poker a few years ago.  However, they might have to take a step back down on the poker room food chain following Party Poker’s recent merger.

Party Poker’s parent company – PartyGaming – recently agreed to a merger with the Austrian gambling site Bwin that will take place in 2011.  The two companies finally agreed to terms on the merger this week, and Bwin will get 51.4% of the company while internet poker giant Party Poker will have a 48.36% stake in the company.

What’s most interesting about this merger is that the two companies will pull both their gambling and poker software resources together.  Party Poker is the third largest online poker room in the world while Bwin also has a pretty large poker site.  Together, the two sites could potentially become the biggest force in poker. 

More importantly, both poker sites might offer even better online poker deals than before!  Party Poker has a huge Million Dollar Guaranteed poker tournament while Bwin gives players the chance to participate in lots of freerolls and special sit and go tournaments.

Party Poker CEO Jim Ryan commented on the big merger by saying, “This is a transformational opportunity for both our companies to create the world’s largest listed online gaming business.  The Enlarged Group will have a winning formula to exploit the growing online gaming market, supported by a strong balance sheet, significant cash flow generation and a highly experienced management team.”

If you’d like to be a part of this revamped site, you should complete the poker download of Party Poker and take advantage of their huge deals.  Once you’ve done this, you’ll be able to play poker at this huge room when the merger is completed in 2011.

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