- With the Ladbrokes acquisition, the company is adding six active online poker rooms to its portfolio.
- The company has invested heavily in its live tour, its online offering and the poker product itself in a bid to coax players away from its main competitors PokerStars and 888.
- It remains to be seen what GVC plans to do with these new online poker brands.
Partypoker, the resurgent online poker room that has enjoyed significant focus and investment since its acquisition by GVC, is set to be transformed again. Following the company’s acquisition of Ladbrokes, a giant in retail sportsbetting and no slouch in online gaming, the company’s flagship online poker product is well positioned to benefit from increased exposure, new market opportunities, and fresh investment.
Modern day GVC is made up of two main tiers: Its sports brands—including Sportingbet (acquired in 2012), bwin, Betboo and Gamebookers—and its games labels including partypoker, partycasino and Foxy Bingo. The majority of these came following the company’s acquisition of bwin.party in 2016.
This month, that picture has been transformed with the £4 billion acquisition of Ladbrokes, which brings with it 3500 retail locations, 25,000 staff and major digital brands of its own: Ladbrokes.com, Coral, Gala Bingo, Eurobet and Betdaq, among others.
