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The world’s largest listed online gambling operator, Bwin.Party Digital Entertainment, has announced that its Bwin brand has signed a three-year deal to serve as the title sponsor for the EuroLeague Basketball professional club basketball competition.
Bwin.Party revealed that the deal will see every one of the EuroLeague’s matches streamed live in more than 30 European countries with active Bwin sportsbetting customers able to watch for free.
“We are proud to announce the EuroLeague Basketball agreement, which represents a perfect match to our long-lasting relationship with the International Basketball Federation (FIBA), the world governing body for basketball,” said Norbert Teufelberger, Co-Chief Executive Officer for Bwin.Party.
“This makes Bwin.com an even stronger brand as we will now cover both club basketball with the EuroLeague and the national teams through our FIBA partnership. Basketball, along with football and motorcycle racing, is one of the three pillars of our sport sponsorship strategy.”
Bwin.Party described EuroLeague Basketball as ‘the most important professional club basketball competition in Europe’ while stating that the agreement ‘significantly broadens the footprint of Bwin.com within European basketball’ and would strengthen its sports brand philosophy.
“It is a big step for EuroLeague Basketball to welcome Bwin.com as partner until 2014,” said Jordi Bertomeu, President and Chief Executive Officer for EuroLeague Basketball.
“The most important basketball competition in Europe now gets the most important sportsbetting brand, Bwin.com, as a supporter to take club basketball´s popularity in Europe to an even higher level.”
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Bwin.Party Digital Entertainment VS The World...
Shares in online gaming firm Bwin.Party surged Friday after competitor Full Tilt had its licence suspended.
A US investigation into the companies founders led the gambling commission of the Channel Island of Alderney to order the firm to stop trading with immediate effect while it conducts its own investigation.
Full Tilt was indicted in the United States for alleged gambling offences, money laundering and bank fraud.
In a research note, UBS analyst Simon Whittington says the news is positive for remaining European poker operators.
He advised: "We estimate that Full Tilt has a 10-15% share of the non-US poker market. With a similar share themselves, we believe Bwin.Party should be a prime beneficiary of any market 'vacuum' created."
Austrian Bwin merged with rival PartyGaming earlier this year. The company is based in Gibraltar, a preferred location for igaming companies due to its relaxed tax laws and well-regulated gambling - gaming system. After their initial surge its shares fell back to close 1.2%.
Bwin.Party Digital Entertainment (BPTY) Share Price Information
Share Price: 151.00 Bid: 151.00 Ask: 151.20 Change: 0.00 (+0.67%)
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Bwin.Party Digital Entertainment Confirms Ongame Poker Network Deal Possibilities
The Ongame poker network is "likely" to be sold, bwin.party has confirmed that a formal process to sell the B2B network is on the way.
The announcement was made earlier today ahead of today’s Annual General Meeting, the first held by the giant since the merger between Bwin and PartyGaming was completed last March.
The statement read "One area of our stated strategy was to recycle surplus assets,"..."We expect that any sale will be completed by the end of the year."
No licensee on the network has yet responded to bwin.party’s announcement, although Betfair’s outgoing CEO David Yu passed opinion on Ongame just yesterday.
Bwin.Party’s AGM statement contains details of a planned share buyback, which will see the company follow the examples of Playtech and Betfair in making such a move, plus news of a progressive dividend policy containing a €30m dividend payout for the year ending 31 December 2011.
As we go to press trading is described as “Broadly in-line with management's expectations,” however analyst James Hollins, of Evolution Securities, advised in a memo earlier today that “The stock remains a Neutral ahead of potentially disruptive German legislation near-term.”
Meanwhile Simon French, of Panmure Gordon, reiterated his firm’s ‘buy’ recommendation, explaining “[We] expect the shares to respond well to the dividend and share buyback news.”
German sports betting proposals in April had seen the share price of bwin.party dive 16% in a day, and a decision on the country’s State Gambling Treaty is expected in October.
Yesterday things turned around following the suspension of Full Tilt Poker’s licences in Alderney - the share price ended the day at 148.2p, an increase of more than 10% day-on-day.
Bwin.Party In Line With Management's Expectations
bwin.party digital entertainment's trading performance since the beginning of April has been broadly in line with management's expectations.
But is says sports margins have been lower than expected due to a favourable run of events for customers in May.
The improvement in new player sign-ups in poker, following action taken by the US authorities against certain of the group's online poker competitors on 15 April, has not had a material impact on poker revenue as new players represent just a small proportion of the overall player base and these companies have so far continued to command significant market share in non-US markets.
Casino continues to perform well while bingo has been slightly softer than expected in the period.
At 8:47am: (LON:BPTY) share price was +0.5p at 148.7p.
Bwin.Party Digital Entertainment Big On Security
The online gaming business PartyGaming has also long since been protecting its players with strong authentication. After all, there is a lot of money at stake – money that the dark forces may want to siphon away. PartyPoker, PartyCasino, PartyBingo and PartyGammon customers register by downloading the PartyGaming customer software. After registration, they can obtain an authenticator called PartySecure from the online store. This is again a Digipass Go 6 that has been completely adapted to the branding of PartyGaming. Here again, a Vacman Controller Server takes over the authentication. “The solution is highly scalable,” stressed a PartyGaming spokesperson. “It can grow with us and effortlessly cope with the growing number of online-players on our platform.”
Australian Tony G Inks Player Representation Agreement With PartyPoker
There's only an elite few poker players who are also extremely astute businessmen, and Australian Tony G is one such ace. Having amassed over $4 million in live-tournament winnings and having a few other healthy income streams the only thing missing from the mans achievements was a major representation deal with a major online site. Enter PartyPoker.com
Tony G in a cunning moving has sold his Tony G Poker official website and IP to the igaming powerhouse giving the Bwin.Party giant access to the website's strong poker player database.
Mr G said he couldn't be more pleased about his new deal and that he is ready to take on all challengers. "I cannot wait to start playing for Team Party on the circuit. I’ve always loved Party and what better way to kick off than at the Aussie Millions. I am also really excited about the Premier League in February ...it is the best event in poker in my eyes. After finishing runner-up and third in the last two years the title has to be mine! I just hope my rivals have the heart and commitment to the game to stop me!"
His new deal incorporates live tournament buy-ins to events around the world and he will play online under the screen name "TonyG." He joins an impressive roster of Team Party players including Mike Sexton, Kara Scott, Ian Frazer, Bodo Sbrzesny, Remy Biechel, Stewart Scott and Felipe ‘Mojave’ Ramos.
The Tony G Poke website will migrate all its players to NoblePoker.com, (a Bwin.Party subsidiary). As part of G's deal, he will continue to run the Sunday Bike Ride, a popular bounty promotion on the site. According to G, this will give Tony G Poker players added value over the long run.
"It’s business as usual for Tony G Poker.com The exciting acquisition of its assets by the PartyGaming will create a larger more flexible and productive playing environment," said the G. So, whether online poker, online casino or other tickle your fancy, the good folks at Bwin.Party Digital Entertainment have your number.
The company is currently expanding worldwide, and growing markets include Australia, Canada, Italy, Spain, and the firm is currently talking turkey with U.S regulators regarding a full return to the U.S market, where its World Poker Tour brand should prove to be the door opener, followed by sports betting and online casino offerings, all under the Bwin.Party banner. It's b2b deals with Marvel Entertainment, Frank Sinatra Enterprises, Paramount Pictures, Dark Horse Comics and International Game Technology are also understood to be giving the powers that be confidence to get negotiations with Bwin.Party to the next stage.
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