Bwin.party Moves towards Nevada License
The European online gaming company Bwin.party is moving forward with plans to operate internet poker in Nevada together with MGM Resorts International and Boyd Gaming Corporation. The company filed its application for a license with state gaming regulators over a year ago and is still waiting to receive approval.
However, according to Las Vegas gaming attorney Frank Schreck, Bwin.party is focusing on New Jersey because of the “definite time table” but the company “is still moving forward in Nevada.”
In 2011 MGM Resorts, Boyd and Bwin.party announced a partnership to create a Nevada based online gaming company to offer online poker. Bwin.party would own 65% of the business, 25% would be owned by MGM Resorts and the remaining 10% by Boyd.
MGM Resorts and Boyd Gaming have both received licenses to operate online poker from the Nevada regulators. However, both companies have said that they will not launch a website until Bwin.party receives its license.
In New Jersey Bwin.party could enter the market through its partnership with Boyd Gaming, the operator and 50% owner of the Borgata. The CEO of Boyd Gaming, Keith Smith, has said that the Borgata brand will allow the company to “capture a substantial share of this lucrative market.”