Bwin.Party Negotiating With US Companies

In a press conference that was held to reveal the company's financial results, Bwin.Party.Digital executive Jim Ryan revealed that his company is in late stages of negotiations with U.S. companies, with the goal of having legal online poker software.

According to a report by The Dow Jones News Service, Bwin is negotiating with parties in California and New Jersey, and that the gambling giant feels U.S. regulation of online poker is near.

“We have made the decision to target strategic partners," Ryan said. "At federal level, we are finalising agreements with a couple of parties positioned nicely to operate in that market. In California, we are well advanced with a particular party. The same in New Jersey, consistent with where we are at a federal level.”

The Bwin executive stated that he believed that the legal troubles of poker sites hit hard by the events of Black Friday would be a positive for his company in trying to gain a foothold in a regulated U.S. market. Bwin currently operates the poker brands World Poker Tour- Club WPT, Party Poker and Poker Room.

When asked whether or not his company was interested in acquiring Full Tilt, Ryan said, “We are not looking at the business and have no plans to look at it."