Amaya Gaming of Canada is on the verge of acquiring Ongame Network from Bwin.party Digital Entertainment Plc for as much as $32.2 million. According to this deal, Amaya Gaming has to pay the first installment of $19.3 million in cash during the fourth quarter of the fiscal year 2012. The deal, however, is dependant on legalization and regulation of online poker in the US, and accordingly, Amaya Gaming will pay the remaining $12.9 million only if the US federal government regulates its online poker industry during the following five years.

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Amaya Gaming CEO David Baazov said, “The acquisition of Ongame bolsters Amaya Gaming’s product portfolio, transforming Amaya into a leading provider of gaming platforms.”

He further said, “Amaya looks forward to unleashing Ongame’s technology to its full potential through the leveraging of our many B2B relationships and delivering new partners and players to the network.  The Ongame platform is scalable, proven and secure and is well suited for quick deployment in new regulated markets.  We’re excited about the wide range of opportunities this acquisition makes possible for us as we execute on our vision.”

Noted online poker brands belonging to companies such as Coral, Betsson, and Betfair form part of Ongame Poker Network.

Speaking about the acquisition deal, Norbert Teufelberger and Jim Ryan, the co-CEOs of Bwin.party Digital Entertainment Plc., said, “The sale of Ongame conforms to our strategy, especially as we move closer to launching our single, proprietary technology platform in the next few months. We believe Ongame will fit well into Amaya Gaming and has an excellent future ahead.”

The deal is dependent on factors such as the extent of online poker regulation in the US, the number of states that regulate online poker, and the total number of poker players in regulated US states. Ongame Poker Network will be transferred to Amaya Gaming, and Bwin.Party will use the proceeds for corporate purposes. McQueen Limited was the advisor of Bwin.party with regard to this deal.

Ongaming Network Limited, commonly referred to as Ongame, is among the largest B2B providers of poker in the world. It includes 25 online poker brands belonging to 19 prestigious online gambling companies. Ongame also runs regional online poker networks in Italy and France. It supplies players as well as operators a wide range of online poker tournaments and cash games. Those interested in knowing more about Ongame can visit its official website at Amaya Gaming of Canada is on the verge of acquiring Ongame Network from Bwin.party Digital Entertainment Plc for as much as $32.2 million. According to this deal, Amaya Gaming has to pay the first installment of $19.3 million in cash during the fourth quarter of the fiscal year 2012. The deal, however, is dependant on legalization and regulation of online poker in the US, and accordingly, Amaya Gaming will pay the remaining $12.9 million only if the US federal government regulates its online poker industry during the following five years.

Amaya Gaming CEO David Baazov said, “The acquisition of Ongame bolsters Amaya Gaming’s product portfolio, transforming Amaya into a leading provider of gaming platforms.”

He further said, “Amaya looks forward to unleashing Ongame’s technology to its full potential through the leveraging of our many B2B relationships and delivering new partners and players to the network.  The Ongame platform is scalable, proven and secure and is well suited for quick deployment in new regulated markets.  We’re excited about the wide range of opportunities this acquisition makes possible for us as we execute on our vision.”

Noted online poker brands belonging to companies such as Coral, Betsson, and Betfair form part of Ongame Poker Network.

Speaking about the acquisition deal, Norbert Teufelberger and Jim Ryan, the co-CEOs of Bwin.party Digital Entertainment Plc., said, “The sale of Ongame conforms to our strategy, especially as we move closer to launching our single, proprietary technology platform in the next few months. We believe Ongame will fit well into Amaya Gaming and has an excellent future ahead.”

The deal is dependent on factors such as the extent of online poker regulation in the US, the number of states that regulate online poker, and the total number of poker players in regulated US states. Ongame Poker Network will be transferred to Amaya Gaming, and Bwin.Party will use the proceeds for corporate purposes. McQueen Limited was the advisor of Bwin.party with regard to this deal.

Ongaming Network Limited, commonly referred to as Ongame, is among the largest B2B providers of poker in the world. It includes 25 online poker brands belonging to 19 prestigious online gambling companies. Ongame also runs regional online poker networks in Italy and France. It supplies players as well as operators a wide range of online poker tournaments and cash games. Those interested in knowing more about Ongame can visit its official website.

Tight Poker Staff

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Tight Poker Staff

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For nearly two decades, we’ve provided the best in class for poker site reviews, top online poker bonuses, strategy tips, poker news, and exclusive free poker content.  Consisting of a team of poker and gambling experts, we deliver the best online poker brand experience for players of all levels, from the fish to the sharks.
For nearly two decades, we’ve provided the best in class for poker site reviews, top online poker bonuses, strategy tips, poker news, and exclusive free poker content.  Consisting of a team of poker and gambling experts, we deliver the best online poker brand experience for players of all levels, from the fish to the sharks.