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WILL ENTRACTION DEAL PROMPT A SELL-OFF OF ONGAME?
Written On 5/6/11 By Recentpoker.com staff writer Lenny Wasman :
IGT's acquisition of an online poker firm gives Bwin.party Digital pause for thought
Our readers will recall that the future of Bwin's online poker subsidiary Ongame was closely examined as the company's merger with Party Gaming shaped up earlier this year, with observers noting that the duplication of effort constituted by Party Poker and Ongame might lead to a sell-off.
That possibility may have moved closer this week with the news that the Swedish poker provider Entraction is to be swallowed up by US corporate IGT’s UK division.
Bwin.party Digital's co-chief executive Norbert Teufelberger was quizzed on the issue at a presentation of the group's maiden quarterly on Friday, and acknowledged the possibility, although he was less than complimentary about the Entraction player offering.
Teufelberger also remarked that the Entraction-IGT deal is perhaps an indication that the large US gambling corporates may be taking a view that US legalisation is on the foreseeable horizon.
“So, it [the Entraction deal] may have an impact on the strategic decision which we may take in the next few weeks or months on Ongame, but in principle, I think it’s rather positive,” he commented.
However, Ongame will be encouraged by a statement from a Bwin.party spokesman, who revealed that a new client was in the wings for the poker subsidiary.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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