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Friday August 12,2011 : Network will lose up to 50 percent of players in sale
Market Analysts have put a modest valuation on the sale of the poker network according to a report from Dow Jones, this week, due to the shrinking of liquidity on completion of a deal.
Simon Holliday from H2 Gambling Capital said the terms of sale of OnGame will see previous bwin poker customers migrated to the Party Gaming network effectively taking up to 50 percent of the network's players.
Analysts believe the sale is likely to attract U.S. interest with little information on interest from local prospects such as Betfair and Sportingbet. James Hollins, an Evolution’s analyst believes market talk of interest from these two companies is way off the mark.
While Holliday believes U.S. interest from companies such as Bally and WMS is a possibility following the acquisition of Swedish poker platform Entraction by International Game Technology for a consideration of $115 million, Evolution's Hollings believes the remote possibility of U.S. authorities seeking redress for the company's operations prior to UIGEA will limit the number of interested U.S. buyers, although he adds "it's not an insurmountable issue".
Dow Jones reports that bwin.party digital entertainment has declined to comment on the current progress of the sale but continue to expect completion of the network disposal by year-end.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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