Belcasinos is one of only four land-based casino operators that are eligible to apply for the requisite licence to operate online poker and casino in Belgium. Partouche already operates its own online casino in Belgium using one of four licences that it may apply for and expects to be successful in obtaining one of the licences required to also operate online sports betting. While the commercial terms are not being disclosed, they are consistent with similar agreements that the Group has secured in other territories.
The Group announced it has received approval for its relationship with Belcasinos from the Belgian Gambling Commission. In addition, the Commission has begun the process of removing the Group’s sites from its blacklist. The Group and the Commission have also agreed to drop all pending legal disputes and the Group has begun to adapt its systems in order to comply fully with the prevailing licensing regime.
Commenting on the announcement, Jim Ryan and Norbert Teufelberger, Co-CEOs of bwin.party, said: “We are excited to have reached an agreement with Partouche to offer our market-leading products under license to consumers in Belgium. 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.”
Jacques Frojman, CEO of Belcasinos and Partouche Belgium, said: “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.”