Internet wagering giant Bwin.Party Digital Entertainment has announced that it has signed a partnership deal with the Group Partouche, effectively meaning that the betting firm has settled its dispute with the Belgian Gaming Commission.
The deal was announced last week and will see the two firms develop an online betting operation in Belgium which includes casino games, sports betting, and internet poker.
Bwin has had several run ins with the Belgian Commission, including having its websites blocked from internet access in the European Country, costing Bwin more than $900,000 per month in revenue. Earlier this year the company's CEO Norbert Teufelberger was detained while attending a conference in Brussels.
Those issues appear to be over, however, as the BGC has already approved the partnership, and begun the process of removing Bwin's websites from its ban. The two groups have also agreed to drop all legal cases against each other in order to rectify the situation.
Speaking about the deal, Bwin.Party Co-CEOs Norbert Teufelberger and Jim Ryan issued a statement which read: “Following recent developments in Belgium and after further dialogue with the local regulator, we have put our differences of opinion behind us and are now focused on the immediate commercial opportunity."
“Together with our new partner we are now in the process of securing the necessary approvals to meet the requirements set by the BGC and do not expect any interruption to our service for customers in Belgium.”
Partouche Belgium and Belcasinos CEO Jacques Frojman also spoke out, saying: “Bwin.party is a market leader in online gaming with strong brands in sports betting, poker and casino. We are thrilled to be working with such a quality partner in Belgium.”