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Bwin subsidiary Ongame may be impacted by merger with Party Gaming

Posted 3/9/11 : Bwin subsidiary Ongame may be impacted by merger with Party Gaming
 
David Yu, chief executive officer of online gambling group Betfair, had some interesting observations on the Bwin- Party Poker  merger and its likely impact on Bwin subsidiary Ongame this week when he spoke to reporters following the release of his company's third quarter results.
 
Betfair switched its poker interests to the Ongame Poker Network mid-2010, and posted a 20 percent decline in revenues from the online poker vertical in its Q3 2010 report.
 
The prospect of Ongame being affected by the merger between Bwin and Party (which has its own increasingly successful internet poker network) has been widely discussed in the industry, although the situation is at present unclear.
 
It is something that Yu admitted was of concern to his company, saying that he was not yet sure how the issue would pan out once the merger became effective at the end of this (March) month and beyond. He nevertheless remained satisfied with Betfair Poker's involvement with Ongame and said that his company would stay engaged with the network and its owners and monitor their intentions.
 
During the merger announcements last year, the Bwin-Party Gaming team was candid that decisions would have to be made about Ongame once the merger was effective, and that possible options included selling the subsidiary off.
 
Betfair is noted for its professional and thorough approach to business, and it is doubtful that the group does not have contingency plans in place. However, Yu was not expanding on these, merely saying that his company has ample experience in the field, always considered possibilities and would take appropriate action once the future of Ongame was clearer.
 
Regarding the 20 percent decline in poker revenues in the third quarter, Yu said that it was disappointing that some of Betfair's high rollers had not opted to follow the company into the Ongame network, but that the company continued to work on enhancing both product and promos in a bid to entice the players to make the move.
 
"We need to get the right message across as our poker is now a better product with better liquidity post-migration,” Yu said.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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