As almost everyone knows, Bwin and PartyGaming will merge to create the largest online gambling company in the world withtheir combined customer base and revenues to provide an almost unbeatable casino company. In a press release, the company gives some more information about the upcoming merger.

The future largest publicly listed gambling company has indicated that the merger between the two casino companies is on schedule and they even announced the name for the combined companies. The new name is unfortunately not as original as the idea of Bodog director Patrik Selin to rename the company as Pwin, the creative minds at the company has come up with the name bwin.party digital entertainment plc or bwin.party in brief. Under the terms of the agreement bwin shareholders will keep 51.7% of the company, while PartyGaming will hold the other 48.3%.

The Co-CEO for Bwin, Norbert Teufelberger said: “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 table games.” The company has also indicated that the combined headquarters of bwin.party will be located in Gibraltar and that the company will be listed on the London Stock Exchange. Norbert added: “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.” The merger will officially go in effect in the first quarter of 2011.