Ongame Poker Network For Salebwin.party Put "Surplus Asset"Up For Sale |
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bwin.party digital entertainment today said it had started the process of selling the Ongame poker network.
The company, formed by a merger of bwin and PartyGaming earlier this year, described Ongame as a “surplus asset”. bwin poker players are expected to be moved to Party Poker ahead of the sale.
The statement from bwin.party regarding the proposed sale said, "One area of our stated strategy was to recycle surplus assets. As part of this process and having taken some initial soundings from interested parties, we have commenced a formal process to sell Ongame’s Business-to-Business operation that is one of the world’s leading online poker networks with a state-of-the-art technology platform. We expect that any sale will be completed by the end of the year.
Ongame hopes to emulate Sweden’s Entraction network which was sold for €70 million to International Game Technology last month.
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