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Zynga Out Of Ongame Acquisition
Friday August 17, 2012 : SOCIAL GAMING GIANT OUT OF THE ONGAME ACQUISITION RACE (Update)
Zynga not involved in current negotiations, claims anonymous source
The intense speculation that social gaming giant Zynga was among the six companies said to be bidding to acquire the Ongame Poker Network was blunted this week by a news report on the Pokerfuse information site that the San Francisco-based company is not among the current potential suitors.
Although Zynga has been careful not to commit to being interested in the Bwin.Party digital entertainment subsidiary since the Shuffle Master bid fell through earlier this year, it was widely seen as the most likely buyer, given Zynga's interest in monetising its social gaming offerings and moving into the real money internet sector.
However, quoting an anonymous source on Tuesday Pokerfuse reported that although negotiations for the acquisition of Ongame are on-going, Zynga is not among the bidders.
Although Ongame is a significant enterprise in the online poker industry with around 30 sites on the network, its player base will inevitably shrink when Bwin players are migrated to the PartyPoker site prior to ownership changing hands.
Like a number of other online poker networks, Ongame has seen double-digit declines in traffic since Black Friday.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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