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OnGame Given Modest Valuation

12 August 2011 by CasinoListings

This story was published more than 13 years ago.

The poker gaming site OnGame Network has been given a modest valuation by industry analysts, according to a report by Dow Jones.

Since bwin and Party Gaming have merged, the fate of the OnGame Network has been widely speculated by industry analysts. Bwin currently owns the Ongame Network, but is looking to offload the company since the merger.

The OnGame Network stands to lose up to 50% of its current players after bwin customers are migrated to the Party Gaming Network. It is believed that an American company such as Bally or WMS may be interested in purchasing the poker platform, although current legislation in America may hinder an acquisition. Recently, International Game Technology purchased Entraction, a Swedish based poker platform for $115 million.

Bwin.party declined comment on a potential sale of OnGame, but speculation runs rampant that a deal may be completed by the end of the year with a buyer.