Shuffle Master Backs Out Of Ongame Purchase Deal

On Wednesday US based gambling giant Shuffle Master backed out of its deal to purchase Ongame Network Ltd for €19.5 million from Bwin Ineractive, a statement by Bwin.Party Digital Entertainment said.

No specifics were given in the stock exchange announcement, however Bwin noted that other potential buyers are being approached. The breakup of the deal was mutual, according to the Bwin statement.

So where do things stand in regards to Bwin's attempt to sell Ongame? The statement noted that: "The sale of surplus assets, including Ongame, remains a core part of Bwin.party’s strategy. Bwin.party is re-engaging with other third parties that have expressed an interest in acquiring Ongame. Bwin.party will make a further announcement as and when appropriate."

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