Report: Bwin.Party Could Be On The MarketBloomberg Reports That Firm Could Weigh Its Options |
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In the wake of a blockbuster sale of PokerStars to Amaya Gaming Group, another industry titan might be looking at a sale. Bloomberg reported that Bwin.Party Digital Entertainment will “weigh a possible sale.”
The Bloomberg report stated that Bwin has hired Deutsche Bank AG to consider its options, citing anonymous sources. The firm denied the developments to Bloomberg.
Bwin is the online poker partner of MGM Resorts International and Boyd Gaming. The trio have online poker running in New Jersey via the Borgata casino, which MGM and Boyd own.
Online gaming in the United States has been slow to take off since the federal government cracked down on offshore operators. Just three states—Nevada, Delaware and New Jersey—have legalized the industry. Though, more are expected to legalize in the future.
PartyPoker, once the largest poker site in the world, left U.S. cyberspace in the wake of the 2006 Unlawful Internet Gambling Enforcement Act. Thanks to leaving, the firm had little trouble re-entering when U.S. states decided to regulate the industry within their respective borders.
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