Bwin.party finds buyer for Ongame unit

Online gaming outfit bwin.party digital entertainment has sold its Ongame business-to-business online poker network to US rival Shuffle Master.

Online gaming outfit bwin.party digital entertainment has sold its Ongame business-to-business online poker network to US rival Shuffle Master.

The US firm is initially paying €19.5m in cash for Ongame with a top-up payment of up to €10.0m payable in cash in the event that regulated online poker commences in the United States on either a federal or intra-state basis within five years from completion. The earlier the US loosens up regulations on online gaming - assuming it does so within five years - the more money Bwin.party will receive from Shuffle Master.

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