Ongame Sale Announcement Expected Tomorrow with $26m Price Tag
Amaya’s purchase of the Ongame network, which is expected to be announced tomorrow, could be for up to $26m, four times what was originally reported.
iGamingFrance.com has reported that the sales price for bwin.party’s surplus asset was a total of $26m and not in the $6.5m-$8m range as previously reported on pokerfuse.
It was first discovered that Amaya was the front runner to purchase the Ongame Network just weeks ago. bwin.party has been looking for a new buyer for the network ever since Las Vegas based casino equipment supplier Shuffle Master pulled out of a deal to purchase the network in June.
Shuffle Master cited a declining market in Europe and regulatory uncertainty in the US as reasons for its reconsideration. Amaya’s plans for Ongame have yet to be officially announced; however, iGamingFrance has also reported that according to its sources, Amaya will looking to increase its presence in the European market.