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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.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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