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Shuffle Master / Ongame Deal Off
Wednesday June 27,2012 : SHOCK WITHDRAWAL FROM ONGAME SALE BY SHUFFLE MASTER (Update)
Reasons as yet unclear for unexpected withdrawal from Ongame acquisition deal.
In March this year the US casino equipment supplier Shuffle Master proudly announced that it had inked a Euro 19.5 million agreement to purchase Ongame Network, Ltd., a 25-brand online poker network owned by Bwin Interactive.
Just this month executives at Bally Technologies, Shuffle Master and Ongame Networks were publicly 'thrilled' at the prospect of jointly developing a poker and iGaming platform that would insert Ongame's poker content interface onto Bally's iGaming platform.
Today (Wednesday) that dream was shattered by a terse stock exchange announcement from Bwin.Party digital entertainment that the deal was off, and that other potential purchasers were again being approached.
No reasons for the withdrawal were given.
The Bwin.Party advisory notes that the withdrawal is by mutual agreement.
"The sale of surplus assets, including Ongame, remains a core part of Bwin.party’s strategy," the notification reiterates "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."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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