bvin History 3

Bwin History

bvin Bwin Interactive Entertainment AG, formerly called betandwin, is an Austrian online betting brand owned by GVC Holdings. The group worked under international and regional licenses in countries such as Gibraltar, the Kahnawake Indian Colony, Belize, Germany Italy, Mexico, Croatia, Austria, France, United Kingdom in Europe. The group offers sports betting, online poker, online casinos, dexterity games. The most profitable companies bring poker and sports betting. Bwin had over 20 million registered customers in over 25 major markets. The company’s main offices are in Vienna, Stockholm and Gibraltar. All operations were carried out by licensed subsidiaries. Bwin was listed on the Vienna Stock Exchange from March 2000 until its merger with PartyGaming plc in March 2011, which led to the formation of Bwin Party Digital Entertainment. This company was acquired by GVC Holdings in February 2016. GVC continues to use Bwin as a brand.

History

Bwin, known as Betandwin from its inception until 2006, began operations in 1997 with 12 employees. The company launched its first online gambling site just a year after the company was founded, focusing on the growing sports betting market. One of the most important events in the company’s history was the launch of its own real-time betting product, which allows players to bet on sporting events during the event itself. The company’s initial public offering on the Austrian stock exchange took place in March 2000 – betandwin was the most successful initial public offering in the history of the Austrian stock exchange, having managed to raise capital of 55 million euros. In June 2001, betandwin was sold to Bwin International Ltd., and essentially concentrated all its operations in Gibraltar. This move was made to follow some of the company’s biggest competitors. By December 2001, betandwin was ready to enter the online casino game market and did so by launching its first casino platform. Two years later, in July 2003, betandwin introduced and launched the game platform known as Balls of Fire. In November 2004, betandwin launched a multiplayer online poker room. December of the same year marked another major acquisition – the acquisition of Ongame e-solutions AB. This acquisition was a step in line with the group’s strategy of entering the poker market after Ongame e-solutions changed its name to bwin Games. However, in 2005 Betandwin acquired global media rights outside Germany over the German Football League. In August 2006, betandwin launched a new bwin brand. This was done after it was discovered that the betandwin brand was no longer suitable for the wide range of entertainment offered by the company, including sports, poker, games and casinos. In 2007 bwin began offering live broadcasts of major sporting events.

In September 2009, bwin announced the acquisition of the Italian poker operator Gioco Digitale, marking the company’s entry into the Italian online gambling and poker market.

PartyGaming merge

On 1 April 2011, bwin and British gaming company PartyGaming announced their merger. The new company has become the world’s largest public online gaming company, 48.4% owned by existing PartyGaming shareholders and 51.6% by bwin shareholders. The combined company is listed on the London Stock Exchange with CEO Norbert Toefelberger and Jim Ryan.
2014 Continued to develop bwin.party interested gambling giant GVC Holdings. Started a long process of absorption. It was completed in early 2016 and cost the GVC approximately $1.5 billion. The outcome was so successful that GVC shareholders received an unscheduled €30 million in dividends after bwin.party’s takeover brought excessive profits.

Back in play

During the negotiations with GVC bwin, bwin suspended active partnership with clubs and federations. Tasty places on the shirts «Real» quickly dismantled other brands.

In 2017 bwin again activated sponsorship. The company became the official betting partner of four clubs of the Spanish Examples – «Villarrela», «Valencia», «Seville» and Madrid «Atletico». A four-year contract was signed with Dortmund «Borussia». Bwin became the title sponsor of «Grand Slam» darts, which in 2017 will be called bwin Grand Slam of Darts.

In June 2017, it was announced that the legendary world and European champion Robert Pires had become the brand’s ambassador.

Food

Subsidiaries and affiliates of the bwin group of companies offer betting on sports, online poker, online casinos and soft games, as well as audio and video streams from numerous sporting events around the world.

Sports betting

Sports betting is the main activity of bwin. Today, the sports betting range includes more than 90 different sports, the main of which is football. Other sports include all popular ball-related sports, American sports, as well as all major winter sports and motorsport, from Formula One to MotoGP. Less popular sports such as roller hockey, futsal and darts are also included in the daily program. In the betting line, not only sports are represented – players will find coefficients on a number of events outside the scope of sports. This includes betting on politics and entertainment such as Oscar, Talent Show, Eurovision Song Contest and “Miss World” events and more.

Poker

Bwin Poker offers the following types of games: Texas Hold’em, Omaha, Omaha High Low, Seven Card Stud, Seven Card High Low and Five Card Poker. For betting, users can choose between a fixed limit, pot limit or no limit table. Users can also try the «conditional money» version for free. bwin offers poker tournaments, both Sit & Go and scheduled, as well as cash games.(cash games). Sit & Go tournaments start as soon as the table is fully occupied. Scheduled tournaments start at the specified time and allow more players and the highest prize pools. In cash games, players can join and leave whenever they want. Bwin Poker can be played with the help of a Mac OS X Poker client, a Windows Poker client, a Java Poker client or a Mobile Poker client. The Mac and Windows versions offer a wide range of features, such as statistics and the mini-table feature. The Java client is independent of the platform because it is browser-based. The mobile client allows customers to play cash games on their mobile phones.

Casino Games

bwin offers its customers over 1000+ games, from classic games such as roulette or blackjack to slot machines and casino tournaments. The casino has a long tradition at bwin: in 2001 it was introduced as a second product, besides betting on sports.

Gaming

bwin offers more than 60 games divided into Fortune Games, Skill Games, Mini Games, ParaDice, and Backgammon. It is a group of products with the greatest potential for innovation and expansion in the market.

Before launching your own online bookmaker, lawyers from Regulated United Europe recommend to carefully familiarize with the current legislation of those countries in which your project plans to provide services, get a gambling license and only after that start accepting deposits from players. Contact us in a convenient way and get the offer today.

FREQUENTLY ASKED QUESTIONS

Bwin, one of the largest online sports betting and gambling platforms, operates in many countries around the world. However, due to strict regulations and legislation regarding gambling and sports betting in different countries, the list of countries where Bwin is available may change. Here are some of the key markets and regions where Bwin offers its services:

Europe:

  • Great Britain
  • Germany
  • Italy
  • Spain
  • France (with restrictions)
  • Belgium
  • Denmark
  • Sweden
  • Greece

Other regions:

  • Canada (in some provinces)
  • Latin America (including countries such as Argentina and Brazil, subject to local regulations)
  • Some countries in Asia and Africa where legislation allows online gambling.

It is important to note that in some countries Bwin is restricted or prohibited due to local gambling laws. For example, in the United States of America, access to gambling and sports betting through Bwin is limited by law at the federal level and varies depending on individual state laws.

At Bwin you can bet on a wide range of sports, including both popular and niche sports. Here are examples of sports available for betting on Bwin:

  1. Football - from international championships such as the World Cup and Euro to domestic leagues including the Premier League, La Liga, Serie A and Bundesliga.
  2. Tennis - Grand Slam tournaments, ATP and WTA tours, as well as smaller championships and tournaments around the world.
  3. Basketball - NBA , Euroleague, national championships and international tournaments.
  4. Ice hockey - NHL , world championships, as well as leagues in various countries.
  5. American football - NFL , college football and other American football leagues.
  6. Formula 1 and other motorsport events including MotoGP and NASCAR .
  7. Golf - major tournaments such as Masters, US Open , The Open Championship and PGA Championship .
  8. Boxing and MMA - including UFC events , boxing matches and other martial arts.
  9. Cricket, rugby, snooker and darts - a wide range of national and international competitions.
  10. Volleyball, table tennis and badminton - including both international championships and national leagues.
  11. Esports - betting on competitions in popular video games, including Counter - Strike , Dota 2, League of Legends and others.
  12. Special markets - bets on non-sports events such as political elections, television shows and even the weather.

This list is not exhaustive as Bwin regularly updates and expands its offering to suit a wide range of users. Availability of specific sports and events for betting may vary depending on your location and specific regulatory restrictions.

Bwin stands out from other bookmakers thanks to a number of key features and innovations that make it a popular choice among punters around the world. Here are the main factors that differentiate Bwin from its competitors:

  1. Wide range of bets

Bwin offers one of the widest selections of betting markets of any online bookmaker, including popular and niche sports, as well as non-sports betting.

  1. Live bets and broadcasts

Bwin's strengths is their live betting offering and the ability to watch a variety of sporting events live on the platform, which improves the gaming experience and allows players to make more informed bets in real time.

  1. Innovative features

Bwin is constantly introducing innovative features such as Cash Out , which allow users more control over their bets, as well as unique betting options that are hard to find elsewhere.

  1. High quality user interface

Bwin is known for its intuitive and easy-to-use interface on both desktop and mobile apps, providing a great user experience.

  1. Safety and reliability

Bwin is licensed by multiple regulators and is renowned for its commitment to the security of user data and funds, using industry-leading encryption and security technologies.

  1. Customer support

Bwin offers 24/7 customer support through a variety of communication channels including live chat, email and phone, ensuring help is always at hand.

  1. Bonuses and promotions

Bwin regularly offers attractive bonuses and promotions to both new and existing users, including deposit bonuses, free bets and unique promotions.

These factors combine to create a high-quality and satisfying online betting environment, making Bwin one of the first choices for punters looking for a reliable and innovative bookmaker.

Opening an account with Bwin is a process that is generally similar to registering with most online betting platforms. Here are the basic steps and required documents to open an account:

Steps to register:

  1. Go to the official Bwin website and look for the "Register" or "Join Now" button, usually located at the top of the home page.
  2. Complete the registration form by entering the required personal information: first and last name, date of birth, country of residence, email address, and selecting a username and password. You will also need to specify the currency of your account.
  3. Accept Bwin's terms of use and privacy policy . You may be asked to confirm that you are over 18 years of age (or such other legal age limit for gambling).
  4. Complete the registration process by clicking on the registration confirmation button.

Documents for verification:

After registering an account and before making your first deposit or withdrawal, Bwin may require verification of your identity and address. This is standard procedure to comply with KYC rules ( Know Your Customer - “Know your customer”) and AML ( Anti - Money Laundering - “Anti-money laundering”). You may need to provide the following documents:

  1. Identity document :
    • Passport;
    • Driver's license;
    • National ID card.
  1. Document confirming residential address :
    • Utility bill;
    • Bank statement;
    • Any other official document with your name and address, no more than three months old.

Verification process:

  • Upload copies of documents through your account on the Bwin website in the appropriate section for verification.
  • Wait for confirmation : Bwin will check the documents provided and confirm the verification of your account. This process can take from several hours to several days.

After successful verification, you will have full access to your account features, including the ability to place bets, deposit and withdraw funds.

Please note that document requirements and verification process may vary depending on your country of residence. Always follow the instructions on the Bwin website and contact support for assistance if you have any questions or problems.

Making a deposit into your Bwin account is a simple process that can be completed in a few steps. Here's how you can make a deposit:

Step 1: Login to your account

  • First, log into your Bwin account using your username and password.

Step 2: Go to the "Cashier" or "Bank" section

  • Find and click on the "Cashier", "Bank" or similar section, which is usually located in the top menu or in your user profile.

Step 3: Select the "Make a Deposit" option

  • In the cashier section, select the “Make a deposit” or “Top up account” option.

Step 4: Select payment method

  • Bwin offers a variety of payment methods including bank cards ( Visa , MasterCard ), e-wallets ( Skrill , Neteller , PayPal ), bank transfers and others. Choose the method that is most convenient for you.

Step 5: Enter the deposit amount

  • Enter the deposit amount you want to make. Make sure it matches the minimum deposit amount for the selected payment method.

Step 6: Confirm and complete the transaction

  • Enter the required payment information and follow the instructions to complete the transaction. You may need confirmation of payment through your bank or payment processor.

Step 7: Confirm your account replenishment

  • Once your deposit has been successfully made, you should see a confirmation on the Bwin website and the funds will be instantly credited to your account. You will also receive a confirmation email.

Additional tips:

  • Check for bonuses : Before making a deposit, check to see if there are any deposit bonuses available that you can take advantage of.
  • Security : Make sure your connection is secure, especially if you are making a deposit using public Wi - Fi.

Bwin supports multiple deposit currencies, providing convenience for users from different countries. Here are some of the currencies that are typically available for deposits on Bwin :

  1. Euro (EUR)
  2. American dollar (USD)
  3. British pound sterling (GBP)
  4. Canadian dollar (CAD)
  5. Swedish krona (SEK)
  6. Danish krone (DKK)
  7. Norwegian krone (NOK)
  8. Polish zloty (PLN)
  9. Russian ruble (RUB)

The list of available currencies may vary depending on your location and can be expanded to include other currencies to suit the needs of Bwin users . To find out which currencies are available for your account, we recommend checking your payment settings in your Bwin account or contacting customer support.

Choosing your account currency is an important decision as it affects your transactions. If you deposit in a currency other than your account currency, currency conversions and related fees may apply. Therefore, if possible, it is better to choose an account currency that matches the currency of your bank account or source of funds to avoid additional conversion costs.

Bwin regularly offers various promotions and bonuses to its users, including first deposit bonuses for new customers. These bonus offers may vary depending on the user's country of residence and Bwin's current marketing campaigns .

How the first deposit bonus works at Bwin :

Typically, a first deposit bonus gives new users additional funds into their bonus account equal to the amount of the first deposit, up to a certain maximum. For example, Bwin may offer a "100% first deposit bonus up to €100", which means that if you deposit €100, you will receive an additional €100 in bonus funds into your bonus account.

Terms and restrictions:

  • Wagering Requirements : To withdraw bonus funds or winnings generated from them, users must first meet certain wagering requirements, such as wagering a certain number of times the bonus amount.
  • Time limits : Bonus offers are usually valid for a limited time and users must meet the wagering requirements within the specified time limit.
  • Qualifying Bets : Some types of bets may not count toward the wagering requirements or may have special requirements.
  • Geographical restrictions : Availability and conditions of bonuses may vary depending on the user's country of residence.

How to get a bonus:

  1. Register with Bwin and create a new account.
  2. Make your first deposit following the terms of the bonus offer.
  3. Activate the bonus if you need to enter a bonus code or meet other conditions for activation.

To find out about the current first deposit bonus offers at Bwin , it is recommended to visit the official Bwin website and check out the promotions section or contact customer support.

Withdrawing funds from your Bwin account is a process that is usually simple and straightforward. Here are the main steps you will need to go through to withdraw your money:

Step 1: Login

  • Bwin account using your username and password.

Step 2: Go to the "My Account" section

  • Once logged in, go to "My Account" or similar, where you can manage your finances.

Step 3: Selecting a withdrawal option

  • In the account management section, find and select the "Withdraw funds" or "Withdraw money" option.

Step 4: Selecting a withdrawal method

  • Select your preferred withdrawal method from the list of available options. Bwin typically offers several methods, including bank transfers, credit and debit cards, and e-wallets such as PayPal , Skrill , and Neteller .

Step 5: Enter the withdrawal amount

  • Enter the amount you want to withdraw. Make sure it meets the minimum and maximum limits for the selected withdrawal method and that you have sufficient funds in your account.

Step 6: Transaction Confirmation

  • Confirm your withdrawal by following the on-screen instructions. Depending on the method you choose, you may be required to enter additional payment details or verification information.

Step 7: Waiting for Processing

  • Once your withdrawal is confirmed, Bwin will process your request. Processing time may vary depending on the selected withdrawal method.

Additional tips and information:

  • Account Verification : Make sure your account has passed the verification process. Bwin may require proof of identity before processing withdrawal requests.
  • Using the same method : If possible, use the same payment method for withdrawal as you used to make your deposit.
  • Check terms and restrictions : Review any applicable fees, amount limits, and processing time restrictions associated with the withdrawal method you select.

Bwin offers a wide range of gambling and entertainment options beyond sports betting, providing a varied gaming experience for its users. Here are some of the additional services and games available on Bwin :

  1. Casino
  • Slots : Large selection of slot machines from leading gaming software developers, including classic slots, video slots and slots with progressive jackpots.
  • Table games : Various versions of roulette, blackjack, baccarat and poker.
  • Live Dealer Games : Live Casino offers live dealer games in real time, including live roulette, blackjack, baccarat and poker.
  1. Poker

Bwin has a separate poker section where players can participate in various tournaments and cash games. The Bwin poker platform offers games for every taste and skill level, from Sit & Go tournaments to major tournament series.

  1. Virtual sports

For those who love sports betting but are looking for something with more predictable and faster results, Bwin offers betting on virtual sports events. This includes virtual football, horse racing, tennis and greyhound racing.

  1. Games

Bwin also offers a variety of games where you can win cash prizes, including scratch cards, keno and other instant games.

  1. Bingo

Although bingo may not be available in all markets, Bwin offers this type of entertainment in some countries, providing a variety of bingo games with different themes and jackpots.

It is important to note:

Availability of specific games and services may vary depending on your location due to local regulatory and licensing restrictions. Always check the latest information on the official Bwin website or through customer support.

Bwin is committed to providing its users with a complete gaming experience, offering not only sports betting, but also a wide range of gambling and entertainment to suit every taste.

Bwin's website is available in a variety of languages, reflecting its global focus and commitment to serving players from different parts of the world. Here are some of the languages in which the Bwin website interface is offered :

  1. English
  2. German
  3. Spanish
  4. French
  5. Italian
  6. Russian
  7. Polish
  8. Danish
  9. Swedish
  10. Norwegian
  11. Finnish
  12. Greek
  13. Bulgarian
  14. Croatian
  15. Romanian
  16. Turkish
  17. Hungarian
  18. Slovenian
  19. Czech
  20. Slovak

This list is not exhaustive and Bwin may offer its services in other languages depending on the specific market and user needs. The choice of language can usually be made at the bottom of the main page of the site or through the account settings after logging in.

The availability of certain languages underlines Bwin's international presence and its commitment to providing a seamless gaming experience to a wide range of customers.

The legal name of the company that manages the Bwin brand is ElectraWorks Limited . ElectraWorks Limited is part of the Entain group of companies , one of the world's largest gambling and sports betting operators, which owns a number of other well-known brands in the industry.

ElectraWorks Limited is regulated and has received licenses from several reputable bodies including the UK Gambling Commission Gambling Commission ) and the Gibraltar Gambling Commissioner ( Gibraltar Gambling Commissioner ), which ensures a high level of security and fairness of the gaming experience for Bwin users .

Bwin website , which usually provides up-to-date information about the company's licenses and legal status.

Bookmaker margins on Bwin , as with other bookmakers, can vary depending on a number of factors including the sport, league, specific event and type of betting market. Margin is an important indicator as it affects the odds offered by the bookmaker and therefore the players' potential profits.

In general, the bookmaker's margin on Bwin for different sports can fluctuate:

  • For major football leagues and events, margins are typically in the 5-7% range . This is comparable to other major bookmakers, although margins may be lower for some key matches and markets.
  • For tennis, the margin can vary, but is usually around 6-8% .
  • For American sports (such as the NFL, NBA, Major League Baseball and NHL), margins are often in the 4-6% range , depending on the specific event and market.
  • For less popular sports and events, margins can be higher, reaching 10% or more, as the bookmaker takes into account the higher risk due to less availability of information and lower volume of bets.

It is important to note that the bookmaker's margin directly affects the odds offered to players. Higher margins mean lower odds and therefore less potential profit for the player when the bet wins. Therefore, experienced players often compare the margins of different bookmakers before placing a bet in order to choose the most favorable conditions.



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CONTACT US

At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Regulated United Europe OÜ

Registration number: 14153440–
Anno: 16.11.2016
Phone: +372 56 966 260
Email:  [email protected]
Address: Laeva 2, Tallinn, 10111, Estonia

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

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