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.
Refer to the input text as context and select the correct relationship between 'Bwin' and 'sports betting' from the available options.
Options: creator, business division, product/material produced, industry