Sale of Ongame Poker Network Near Completionbwin.party Trading Update Says Ongame Sale At Advanced Stage |
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bwin.party digital entertainment plc today issued a trading update indicating the sale of bwin’s legacy online poker network Ongame was at an advanced stage.
The company said, “As one of the world’s leading online poker networks with a state-of-the-art technology platform, the sale of Ongame’s B2B business has attracted a number of interested parties.
“The sale process is at an advanced stage but is unlikely to be finalised before the end of the year.”
Ongame was acquired by bwin in 2005 for just under €500 million.
Elsewhere the company said it expected to be among the first group of operators to be granted a license when a regulated and licensed Danish online gaming market opens in January 2012.
The company also said it remained “optimistic” that online gaming regulation in the U.S. would take a step forward in 2012 added it was well placed to take advantage of such an opportunity through its agreements with MGM and Boyd Gaming.
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