Sale of OnGame Network Heavily Discussed by British Gambling Analysts
Posted: August 13, 2011
Updated: October 4, 2017
Sale of OnGame poker network is the hot debate topic among online gaming industry specialists
Ever since bwin and Party Gaming merged, the sale of OnGame poker network remains one of the hottest speculation topics. Operating in full compliance with British gambling laws, the OnGame network is one of world’s largest poker networks.
Some market analysts predict that the sale price could have diminished considerably, following the shrinking of liquidity on completion of the deal. Simon
Holliday, an analyst with H2 Gambling Capital, told online
gambling news in United Kingdom :”The terms of sale of OnGame will see previous bwin poker customers migrated to the Party Gaming network effectively
taking up to 50 percent of the network’s players.”
Other industry insiders say that the deal could attract US buyers. So far little has been known about local interest from prospective buyers including
Betfair and Sportingbet. Holliday states that US interest from the likes of Bally and WMS could be backed by recent acquisition of Swedish poker network
Entraction by International Game Technology for $115 million.
Analyst with Evolution, James Hollins, states that there’s: “The remote possibility of U.S. authorities seeking redress for the company’s operations prior to
UIGEA will limit the number of interested U.S. buyers. However, it’s not an insurmountable issue.”
In any case OnGame network still is and hopefully will remain one of the most popular networks for fans to play play online poker in UK on. bwin.party digital entertainment branch has refused to comment the current state of the
sale, yet expect that the deal will go through by the end of 2011.