Bwin, which has struggled with the decline of regulated poker markets in Europe and to make cost savings since its creation via a merger of sports betting group Bwin and online poker group PartyGaming in 2011, confirmed on Monday that it had received a new offer from GVC and would respond in due course.
Take context from the input text and decide on the accurate relationship between 'Bwin' and 'sports betting' from the options provided.
Options: industry, business division, product/material produced, creator