bwin.party reportedly looking to unload poker network

14 February 2012

LONDON, England -- Britain-based online poker giant bwin.party, the operators of Party Poker, is reportedly looking to unload a duplicate Internet poker network that it acquired following a recent merger. Roth Capital Markets gaming analyst Todd Eilers told investors recently that Shuffle Master might be a suitable buyer.

Eilers said he wouldn't be surprised if Shuffle Master jumps into the bidding for Ongame Poker Network, which is the fifth-largest in Europe according to pokerscout.com.

Shuffle Master unveiled a two-pronged effort in the interactive gaming area last year, targeting regulated Internet gaming in Europe, and the free casual-social gaming markets in the United States.

"We view the interactive gaming opportunity as the most underappreciated aspect of Shuffle's growth story," Eilers wrote after visiting with Shuffle Master executives. "Both opportunities could begin generating meaningful revenue this summer."

He said a deal to acquire Ongame makes sense after the U.S. Department of Justice reversed its opinion on portions of the federal Wire Act in December, which could help legalize Internet poker in America.

Eilers expected other suppliers to jump into the bidding for Ongame.

Last year, International Game Technology blazed the trail when the slot machine maker acquired the Swedish Entraction online poker network for $115 million.

Copyright GamingWire. All rights reserved.

Related Links
Ranked Online Poker Rooms
partypoker Site Details
Ongame Network

FEATURED iGAMING SUPPLIERS
ocr-online-casino-reports
igpixel
OCR - Online Casino Reports
Delivers highly targeted casino traffic from over 70 countries! Get your casino listed today at OCR!
Igpixel
Launch your online betting site w/ the latest technologies on IGPIXEL's advanced iGaming platform
casino-city-press
gamblerspick
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
GamblersPick
Share & Read other players' reviews! A top player community-driven portal for online casinos.
casino-web-scripts
fast-offshore
Casino Web Scripts
Providing certified casino software & casino games with no monthly fees.Custom development available
Fast Offshore
Online Gaming License covers all types: bingo, casino, eSports, lottery, poker, sportsbetting & more
mondogaming-srl
house-tech-ads
Mondogaming SRL
A leading software provider for sportsbook platforms, projected in the B2B and B2C business
House Tech Ads
Drive quality casino-gambling traffic to your brand from over 70 countries from our premium assets!
Your Guide to 3,553 iGaming Industry Suppliers
ADD YOUR COMPANY   |   ABOUT US     linkedin Twitter Facebook