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Former online gambling company

Bwin.Party Digital Entertainment was an online gambling

company, formed by the March 2011 merger of PartyGaming plc 9️⃣ and Bwin Interactive

Entertainment AG. Formerly the world's largest publicly traded online gambling firm,[2]

it was best known for its 9️⃣ online poker room PartyPoker, World Poker Tour and its sports

betting brand Bwin (officially styled bwin).

The company was headquartered in 9️⃣ Gibraltar

and quoted on the London Stock Exchange. PartyGaming Plc was founded in 1997 with the

launch of Starluck Casino. 9️⃣ Prior to passage of the Unlawful Internet Gambling

Enforcement Act of 2006 by the U.S. Congress, the firm was the 9️⃣ world's largest online

poker brand, based on cash game revenue and number of players. Its market share has

fallen since 9️⃣ then, but it remains the third largest online poker room in the world,

behind PokerStars and Full Tilt Poker.[3]

The new 9️⃣ company became the world's largest

publicly traded online gaming firm in 2010, 48.4% owned by existing PartyGaming

shareholders and 51.6% 9️⃣ by bwin shareholders. The merged company was listed on the

London Stock Exchange, with joint CEOs Norbert Teufelberger and Jim 9️⃣ Ryan.[4]

Following

a protracted bidding process between 888 Holdings and Entain, Bwin.Party confirmed on 4

September 2024 that it had accepted 9️⃣ GVC's bid for £1.1 billion. The transaction was

completed on 1 February 2024.

History [ edit ]

Party Gaming and Bwin merged 9️⃣ on 31 March

2011. The rumors of a planned Bwin and Party merger began in November 2009, but were

not 9️⃣ confirmed until a joint statement was issued 26 August 2010.[4] In December 2010

shareholders were sent a 478-page document with 9️⃣ details and an outline of planned

merger. On 28 Jan 2011 the merger was approved by shareholders and then completed 9️⃣ on 31

March 2011.

In October 2012, bwin announced the sale of its leading online poker

network, Ongame, to Amaya Gaming 9️⃣ Group in a deal worth up to €25 million.[5]

In

November 2013 it was announced that bwin.party had applied for an 9️⃣ online gaming licence

for the state of New Jersey in July, and on 8 November had been awarded a transactional

9️⃣ waiver by the New Jersey Division of Gaming Enforcement allowing it to participate in

the online gaming market in the 9️⃣ state, prior to a full licence being granted. The group

launched both poker and casino games under the land-based casino 9️⃣ licence of its New

Jersey partner, Borgata Casino, the launch included both Borgata's and its own brands,

including partypoker.[6] By 9️⃣ the end of December, the new partypoker site had acquired

50% of the cash game traffic in New Jersey.[7]

Following a 9️⃣ protracted bidding process

between 888 Holdings and GVC Holdings, Bwin.Party confirmed on 4 September 2024 that it

had accepted GVC's 9️⃣ bid for £1.1 billion.[8] The transaction was completed on 1 February

2024,[9] as indicated by cancellation of LSE traded shares 9️⃣ on 2 February

2024.[10]

Products and services [ edit ]

Sports betting [ edit ]

Sports bets were the

core business at bwin, 9️⃣ with a sports betting lineup including more than 90 different

sports; the principal customer interest is soccer. In order to 9️⃣ boost bwin's presence in

the UK football betting market, the company launched bwinbetting in 2011. Other sports

included all popular 9️⃣ ball-related sports, US sports as well as all major winter sports

and motorsports ranging from Formula 1 to MotoGP. "Exotic" 9️⃣ sports such as roller

hockey, futsal and darts were also included in the daily lineup. Customers could also

find odds 9️⃣ on a range of events outside of sports. These included bets on politics and

entertainment such as the Oscars, talent 9️⃣ shows, the Eurovision Song Contest and "Miss"

events.[11]

Poker [ edit ]

The following types of games were offered at bwin Poker:

9️⃣ Texas Hold'em, Omaha, Omaha Hi/Lo, Seven Card Stud, Seven Card Stud Hi/Lo and Five-card

draw, plus house variations like Double 9️⃣ (three hole cards, choose two, halfway between

Hold'em and Omaha). In terms of stakes, users could choose between Fixed Limit, 9️⃣ Pot

Limit or No Limit tables. A "play money" version of the games was also available for

users to try 9️⃣ out for free. bwin offered poker tournaments, both Sit & Go and scheduled,

and cash games (ring games). Sit & 9️⃣ Go tournaments began as soon as the table was

completely occupied. Scheduled tournaments began at a specified time and allowed 9️⃣ for

higher numbers of participants and the highest prize pools. In cash games the players

could join and leave whenever 9️⃣ they wanted. bwin Poker could be played using the Mac OS

X Poker Client, the Windows Poker Client, the Java 9️⃣ Poker Client or the Poker app for

Android or the iPhone. The Mac and Windows version offered an extensive selection 9️⃣ of

features such as statistics and a mini-table function. The Java client was

platform-independent as it was a browser-based solution. 9️⃣ In January 2011, bwin launched

a dedicated Poker app for the iPhone to allow real money poker. This was followed 9️⃣ in

July 2011 by a similar application for Android-based devices. The mobile client allowed

customers to play cash games on 9️⃣ their mobile phones. Both apps were restricted to

limited territories as permitted by local laws.[12]

PokerRoom was an online poker

cardroom 9️⃣ founded in 1999. Licensed by the Kahnawake Gaming Commission, PokerRoom

offered both play and real money formats. Tournaments and ring 9️⃣ games were available in

both web-browser and download client platforms, with support for both Macintosh and

Linux. PokerRoom was one 9️⃣ of the first online poker sites to provide multi-language

support, and catered to Danish, German, Spanish, French, Italian, Russian, and 9️⃣ Swedish

speakers. These languages were accessed via "regional sites", many of them showing

local sponsoring for the selected region. After 9️⃣ 10 years of operation, bwin announced

the closure of PokerRoom on 14 April 2009.[13] It was relaunched in 2012 but 9️⃣ shut down

again on 19 February 2013.[14]

Bingo [ edit ]

Following the acquisition of Cashcade in

2009, bwin.party took control of 9️⃣ a B2C portfolio of online bingo brands including Foxy

Bingo, PartyBingo and Cheeky Bingo. Cashcade was the first company to 9️⃣ promote online

bingo to a mass market via television advertising and was first to develop the "free

bingo" concept to 9️⃣ attract new customers. Bwin began offering bingo at the end of

December 2009 when its Italian subsidiary, Gioco Digitale, launched 9️⃣ bingo as the first

authorised Italian private online gaming operator.[15]

Casino games [ edit ]

bwin

offered more than 100 games, ranging 9️⃣ from classics such as roulette or blackjack to

slot machines and casino tournaments. The casino has a longstanding tradition at 9️⃣ bwin:

In 2001, it was introduced as a second product, after sports betting.[16] The biggest

ever casino jackpot win happened 9️⃣ in 2014 when an individual won a little over 6 million

Euros.

Soft games [ edit ]

bwin offered more than 60 9️⃣ games divided into the categories

of Fortune Games, Skill Games, Mini Games and "ParaDice", as well as Backgammon. This

was 9️⃣ the product group with the biggest potential for innovation and expansion on the

market.[17]

Legal Status [ edit ]

As the global 9️⃣ legal framework for internet gambling

is a complicated mix of laws and regulations, bwin's situation varied depending on the

country 9️⃣ concerned. Recently, Italy extended its online licences to include poker

tournaments, and countries such as Denmark and Spain announced their 9️⃣ intention to

permit private operators access to their markets under stringent conditions and

controls. On the other hand, other countries 9️⃣ maintain a state monopoly on internet

gaming, or ban it completely.

On 15 September 2006, Norbert Teufelberger and Manfred

Bodner were 9️⃣ arrested at a press conference in La Turbie, France, for allegedly breaking

French gambling laws.[18] After an investigation, a judge 9️⃣ released them three days

later. When France opened their market for private online gaming in June 2010, bwin

became the 9️⃣ first operator there.

In February 2013, the Australian Communications and

Media Authority referred the Bwin arm of bwin.party to the Australian 9️⃣ Federal Police

for contraventions of the Interactive Gambling Act. The Act prohibits gambling

companies from providing 'interactive' gambling services to 9️⃣ those in Australia.

Penalties for each breach, which can be for each day, areR$220,000 for individuals

andR$1.1 million for corporations.

Bwin 9️⃣ recently sponsored football giants Real Madrid,

A.C. Milan and Bayern Munich and more recently Olympique de Marseille.[19] In October

2010, 9️⃣ Bwin announced a sponsorship for the upcoming three football seasons in which it

would be the title sponsor of the 9️⃣ Taça de Portugal, named the "Bwin Cup".[20] Italy's

second tier, Serie B, has already been re-branded "Serie bwin" after a 9️⃣ two-year

sponsorship deal was signed in July 2010.

On 16 August 2012, bwin announced it was

entering into a digital partnership 9️⃣ with Manchester United to become the club's

official online gaming and betting partner.

In the past, many other top events in 9️⃣ the

international and local sports world were supported by the corporation. Bwin also

sponsored the Portuguese first football league (bwinLIGA) 9️⃣ and has been partner to clubs

such as Juventus and Werder Bremen.[21]

Bwin cooperated with the International

Basketball Association (FIBA) and 9️⃣ has sponsored the European and World Basketball

Championships since 2006. A second basketball sponsorship is Euroleague Basketball.

Bwin's marketing and 9️⃣ media rights agreement for Euroleague events expired in June

2014.

In the area of motorsport, the company was one of the 9️⃣ main sponsors of the MotoGP

series. In 2012, it was the title sponsor of the races in Jerez and GP 9️⃣ in Brno and

official partner of the Misano, Mugello and Silverstone. In December 2011, bwin

announced it would be extending 9️⃣ its Moto GP sponsorships through 2013.

In addition,

Bwin organised numerous poker events both online and offline. One of the biggest

9️⃣ regular online tournaments was the ChampionChip. Special poker tournaments like the

Weekly Country Showdown or the Bwin Dailies offered a 9️⃣ range of tournaments adjusted to

country specifics and buy-in levels. Periodically, there were launched new types and

variations of Sit 9️⃣ & Go's. Also, several online qualifiers the Bwin user could qualify

for offline events like the World Series of Poker 9️⃣ (WSOP), the Aussie Millions and

events on the World Poker Tour. For "poker newbies", Bwin offered the Rookie Challenge

where 9️⃣ a new poker player had the chance to climb up several stages for free to earn

real money tickets.

The company 9️⃣ faced some opposition in Europe over sponsorship of

sports, especially football. In 2006, the German city of Bremen banned its 9️⃣ top football

club, Werder Bremen, from carrying the Bwin logo on its shirts.[22]

In January 2014,

the company announced major sponsorship 9️⃣ deals with the New Jersey Devils and

Philadelphia 76ers. The combined deals included major advertising to the fans of both

9️⃣ teams and the creation of the Dream Seat Series, which was a series of online poker

tournaments offering ticket packages 9️⃣ to winners and other prizes to runners-up before

every home game.[23]

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