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  3-Nov-12, 14:42   #1
Amaya's Ongame purchase complete 0 
Sorin888 
Joined: Apr '11
Location: Romania
Age: 51 (M)
Posts: 2375
Bwin.party finally completed the sale of the Ongame Network after Amaya Gaming handed over the €15 million asking price.

Having been surplus to requirements for some time now, the Ongame Network has suffered from a lack of innovations and updates.

Indeed, with little input since the asset was put on sale last year, the network is still without a fast fold poker variant.

However, despite this, it still remains the fifth largest operator in the industry and holds active licenses in France, Italy and Spain as well as Europe and beyond.

Amaya will now control the network, but if federal legislation allowing online poker in the US is passed within the next five years then they will owe bwin.party a further fee of up to €10 million.

     
  3-Nov-12, 15:36   #2
  0 
Macubaas 
Joined: Apr '11
Location: Romania
Age: 27 (M)
Posts: 6668
It will be interesting to see what are the plans so the new invester with the ongame network...

I presume that after spending so much money on the buy they definately have a plan to get some revenue.

     
  3-Nov-12, 17:09   #3
  0 
Greenmohave 

Joined: Jan '11
Location: United States
Age: 52 (M)
Posts: 3361
I know whoever can capitalize on getting their foot in the door with U.S. players they will be a money making operation eventually and have the capability to improve software and gaming structure.
As for Amaya it might be that they have money to invest to upgrade and address some of the current issues such as you stated. Good Luck for their future!

     
  3-Nov-12, 19:47   #4
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8623
yeah have to accept with greenie- actually it's a no brainer to see that any bigger poker room to get an operating license in the u.s. would be equal to getting a money printing license Big Smile Dollar Big Smile so hard to understand how country which is a symbol of freedom can say fcuk you to people who want to play poker with they hard earned money

     
  4-Nov-12, 06:33   #5
  0 
ayaraled 
Joined: Apr '11
Location: Philippines
Age: 39 (M)
Posts: 544
the promotions in ongame now is great even without rakeback....hope amaya continue this and add more good promotions and rakeback.....

     
  4-Nov-12, 10:29   #6
  0 
mahdrof 

Joined: Nov '09
Location: Canada
Age: 47 (M)
Posts: 2367
Anything which revives online poker sites and gets things moving in the United States is a good thing in general for online poker. The amount of consolidation, sites closing down and countries shutting off access to online poker has really hurt the game. Hopefully Amaya makes things work out for Ongame.

     
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