Utilize the input text as a context reference, choose the right relationship between 'Bwin' and 'sports betting' from the options.
Options: industry, creator, product/material produced, business division

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.
product/material produced