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Ongame Valuation

Friday August 12,2011 :  Network will lose up to 50 percent of players in sale
 
Following the merger between bwin and Party Gaming, the disposal of the OnGame network has been the subject of much industry speculation.
 
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 :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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