Bwin.party has a new owner, but what happens now to its US regulated businesses?

GVC Holdings completed its deal to buy bwin.party after the UK Scheme Court Hearing approved the takeover on February 1. Shares in the newly merged company began trading on the London Stock Exchange under the ticker symbol “GVC” the next day.

With the acquisition, GVC will take over as the network provider for online poker gaming sites Borgata Poker and PartyPoker in New Jersey, which operate via the party poker gaming software and share liquidity at the cash gaming tables and tournaments provided by bwin.party.

Although GVC will be acting as a holding company for the network, it is required to be licensed within the state so that its subsidiaries can continue to operate.