![]() “Effectively you will have four brands in the U.S. “The intention of the joint venture is to take the PartyPoker brand and the World Poker Tour brand and our operating expertise and combine that with the regulatory expertise of MGM and Boyd,” Ryan said in an interview. In addition, the deals call for Bwin.party to license its technology to both MGM and Boyd, which also plan to offer online poker under their brands. Bwin.party is slated to own 65% of the proposed joint venture, while MGM will own 25% and Boyd will own 10%. Bwin.party will form a joint venture with MGM and Boyd to offer online poker in regulated U.S. ![]() Boyd Gaming also announced on Monday that it has entered into an online poker alliance with Bwin.party.Īccording to Jim Ryan, co-chief executive of Bwin.party, the two announcements are related and have been in the works for nearly 18 months. The MGM deal, which is contingent on a regulatory regime being established for online poker on either the federal or state level, helps define the competitive landscape as casino companies get ready to enter the online gambling business in the U.S.
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