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Party Digital Entertainment. The company launched its first online gambling site just one year after the company was founded, focusing on the growing sports betting market.
One of the most important developments in the history of the company was the launch of its live bet product, developed in house, allowing players to place bet on sporting events while the actual event is taking place.
The firm's initial public offering at the Austrian Stock Exchange took place in March By December , betandwin was ready to step into the online casino gaming market and did so by launching its first casino platform.
Two years later, in July , betandwin introduced and launched a soft games platform known as Balls of Fire.
In November , betandwin launched multiplayer poker. The group acquired betoto. December of the same year marked another major acquisition — Ongame e-Solutions AB was taken over.
Still in betandwin acquired global media rights outside of Germany to the Germany Football League. In August betandwin launched the new bwin brand.
This was done after it was found that the betandwin brand, which was described as "descriptive, high-grade and functional", was not suited anymore for the wide assortment of entertainment offerings covered by the company, including sports betting , poker , soft games, and casino games.
In , bwin began to offer live streaming of major sports events. In September , bwin announced the acquisition of Italian poker operator Gioco Digitale, marking the company's entry into the Italian online gambling market.
On April 1, , bwin and British gaming firm PartyGaming announced their merger. The new company became the world's largest publicly traded online gaming firm, The company's subsidiaries and affiliated companies offer sports betting, poker , casino games and soft games, as well as audio and video streams on sporting events, such as the German Bundesliga.
These are all provided via the Internet , and many are also available via other digital distribution channels, such as mobile phone.
Sports bets are the core business at bwin. Today, the sports betting line-up includes more than 90 different sports; the core area of customer interest is soccer.
Other sports include all popular ball-related sports, US sports as well as all major winter sports and motorsports ranging from Formula 1 to MotoGP.
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