2014 World Cup Big for Bwin.PartyPublished December 26, 2013
Bwin.Party looking to capitalize on the 2014 World Cup and new prospects for growth in the US.
On Wednesday December the 18th, online gambling giants Bwin.Party announced that 2014 will be a positive year thanks to online sports betting, in-particularly the 2014 World Cup taking place from June 12th until July 13th. In addition, Bwin is also looking forward to the expected changes to the US online gambling market which will propel their offerings in the country to extraordinary heights.
With the Bwin.Party stock rising since September 2013 due to increased World Cup betting the company and the fact that as of now they are looking to focus on far-better regulated markets and their expansion to the United States in states that have already regulated online gambling like New Jersey and Nevada.
Already active in NJ, Bwin.Party has spent between 7 to 10 million Euros setting up new online casino games and an amazing online poker platform in the Garden State. The ban imposed on online gambling in America has recently been relaxed in certain states with many more to follow suit in the coming years.
Bwin.Party announced that they have already secured 50 million pound line of credit from the Royal Bank of Scotland which will definitely help them fulfill their dreams this coming year.
In other news, Simon Duffy the non-executive chairman announced he will stand down from his position in May 2014.