According to recent reports, Bwin.Party may be on track to acquire operating licenses within the nations of Spain and Denmark. Already one of the most popular names on the global gaming scene, Bwin.Party would receive an incredible boost from the opening of these two markets.
The company recently issued a statement which sheds light on a few of the processing details. Their application for a Spanish license was submitted on November 25, and would allow them to offer sportsbetting, casino games, poker, and bingo to the nation’s citizens. Early indications, the company says, have been incredibly encouraging.
Though things have taken a little longer to develop on the Danish side, hopes remain equally high. Bwin.Party submitted their application on October 17, and is hearing nothing but good things from the nation’s government. A license would grant them the same privileges they would enjoy within Spanish borders.
These aren’t the only interesting things going on with the company. They have also reported that the sale of their Ongame Network Limited group is progressing, with negotiations nearing the finish line. Though we may have to wait until 2012 to learn the identity of the buyer, it appears that Ongame will soon be in different hands.
Due to their partnership with MGM and Boyd (two major players in the business of Las Vegas), Bwin.Party also finds themselves well positioned in the event that online gaming should become legal on American soil. The company has stated its interest in entering the US market should the government pass the required legislation.
Bwin.Party was formed this past March, when PartyGaming (the owners and operators of PartyCasino and PartyPoker) joined forces with Bwin Interactive Entertainment. While their integration remains unfinished, the process appears to be going rather smoothly. According to iGaming Business, they are expected to produce some €40 million in annual synergies next year.