PartyGaming and Bwin plan merger
PartyGaming PLC plans to unite with Austrian-based sportsbook Bwin.
Jim Ryan, CEO of Party Gaming:
Financial details of the planned merger were reported by the Wall Street Journal.
While both publicly traded companies are financially secure, Bwin (SBR rating C-) has maintained a lower rating due to its handling of sportsbook complaints. | View full PartyGaming, Bwin merger report
Gamebookers subject of tennis bet grading complaint
Gamebookers (SBR rating B-), a member of the Partybets family, unfairly grades tennis wager as a loser, taking 63 Pounds ($109) from a player. The player bet on an exact set-score market, wagering Vassallo Arguello to beat Bellucci by 3-0. Bellucci retired midway through the 3rd set with the score at 1 set each. The book’s rule states
The rule is ambiguous on exact set-scoring with a retirement. Other books have clearer rules on this scenario. From Pinnacle Sports (SBR rating A+): “If a tennis match is not completed because of a player retirement or disqualification, all Set wagers will be considered void. Such wagers will be cancelled and the monies refunded.” Under Gamebookers‘ interpretation, the exact-set betting will have many losing bets, but no winning bets with a retirement. The industry standard is that for any multi-way market, such as exact set-scoring, there must be at least one winning bet.