Bwin.party completes sale on Ongame
Gaming group Bwin.party Digital Entertainment has has completed the sale of its Ongame online poker network to Amaya Gaming Group for 15m euro on a cash-free and debt-free basis.
Gaming group Bwin.party Digital Entertainment has has completed the sale of its Ongame online poker network to Amaya Gaming Group for 15m euro on a cash-free and debt-free basis.
An additional payments of 10m euro will made if there is regulated online gaming in the US within the next five years.
The exact amount of the contingent consideration will depend upon the extent of the regulation based upon the number of states that regulate and the total population covered, the firm said previously.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The proceeds from the sale will be used for general corporate purposes.
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published