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Bwin.Party Seeks Nevada Gaming License
Bwin.Party, the parent company of PartyPoker and bwin Poker, officially applied for a Nevada gaming license earlier this week.
The company joins a growing list of online poker sites that have applied for Nevada licenses including 888 Holdings, St. Minver and Boss Media.
There is a growing sentiment in the poker community that regulated online poker in the U.S. is coming and online poker rooms have been racing to align themselves with brick and mortar casinos in the U.S.
Last year Bwin.Party announced a partnership with MGM Resorts and Boyd Gaming that would allow them to quickly enter the U.S. market once regulations are in place. Bwin.Party will own 65% of the venture while MGM will hold 25% and Boyd will control 10% percent.
It’s a familiar strategy as 888 Holdings has partnered with Caesars Entertainment, the owner of the WSOP, and even the Golden Nugget has partnered with ChiliPoker.
PartyPoker was once the biggest online poker site in the U.S. with a 50% market share but left the market in 2006 after the Unlawful Internet Gambling Act passed in the House and Senate.
The void left by PartyPoker in the U.S. was quickly filled by PokerStars and Full Tilt Poker.
The two sites eventually became the biggest online poker sites in the world but Black Friday relegated PokerStars to Europe while Full Tilt has been down since failing to repay its players.