London – European online gambling firms PartyGaming and Bwin
Interactive Entertainment have agreed to a merger that will create the world’s
largest publicly-traded Internet gambling operation, The New York Times
reported.
The Times notes that Italy and France recently approved the operation
of privately-owned gambling sites, while neighboring countries are considering
following suit.
This week in the U.S., a bill that would overturn a 2006 law
banning most forms of online gambling passed a vote in the House Financial
Services Committee.
Combined, PartyGaming and Bwin in 2009 generated gambling
revenues of $893 million.
Related Links:
http://www.nytimes.com/2010/07/30/technology/30bwin.html
