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Amaya Gaming Buys Ongame Poker Network

Montreal based wagering software firm Amaya Gaming has announced that it has purchased the Ongame Poker Network from Bwin.Party digital entertainment for €15 million.

The deal was announced after US gambling giant Shuffle Master backed out of a deal that would have been worth up to €29.5 million.

Amaya paid €15 million for Ongame, but could cough up an additional €10 million if online poker is legalized in the United States within the next five years. The extra consideration is contingent on either the number of states that pass regulated poker or federal legislation.

Currently the Ongame Poker Network operates the fifth largest poker network in terms of traffic. With additional regional networks active in France, Italy, and Spain being counted there are currently 19 operators and 25 brands using the network platform.

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