Ownership of Party Casino: A Detailed Overview

Party Casino is part of the larger PartyGaming group, which has undergone significant changes in ownership and structure since its inception. Founded in 1997, Party Casino initially gained prominence as an online gambling platform offering a variety of games, including slots, poker, and table games. The casino quickly became a favorite among online gamblers, leading to its expansion and the establishment of a solid customer base.

In 2006, PartyGaming went public, listing its shares on the London Stock Exchange. This move marked a significant milestone in the company’s history, as it became one of the first online gaming companies to be publicly traded. However, the regulatory landscape for online gambling began to change dramatically in the United States during this period. The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 posed significant challenges for online gambling operators, including PartyGaming, leading to the company’s decision to exit the U.S. market.

In 2010, PartyGaming merged with Bwin Interactive Entertainment AG, creating one of the largest online gaming companies in the world. This merger led to a rebranding of the company as bwin.party digital entertainment, which further solidified its position in the online gambling market. The new entity continued to operate Party Casino under its expansive portfolio, madcasino reviews which included various other gaming brands.

In 2016, bwin.party was acquired by GVC Holdings, a major player in the global gaming industry. This acquisition was part of GVC’s strategy to expand its online gaming operations and diversify its offerings. Following the acquisition, Party Casino continued to operate under the GVC Holdings umbrella, which later rebranded to Entain plc in 2020. As of now, Entain plc is one of the leading global sports betting and gaming entertainment groups, with a strong presence in various markets.

Entain plc is publicly traded on the London Stock Exchange, and its ownership is distributed among various institutional and retail investors. The company has a diverse portfolio that includes well-known brands such as bwin, Coral, Ladbrokes, and of course, Party Casino. In recent years, Entain has focused on expanding its operations in regulated markets and enhancing its online gaming offerings, including the integration of advanced technologies and responsible gaming initiatives.

In summary, Party Casino is owned by Entain plc, a major player in the online gaming industry that emerged from the merger of PartyGaming and Bwin Interactive Entertainment. The casino has evolved through various ownership structures and regulatory challenges, ultimately becoming part of a larger entity that continues to innovate and expand in the global gaming market. As online gambling regulations continue to evolve, Party Casino remains a significant brand within Entain’s portfolio, catering to a diverse audience of online gamers worldwide.