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Shuffle Master agrees €29.5m Ongame Network acquisition

6th March 2012 7:05 am GMT

Shuffle Master Inc. confirmed Tuesday that it has entered into a definitive agreement with bwin.party to purchase the Ongame poker network for a total consideration of up to €29.5m.

Shuffle Master will pay bwin.party €19.5m in cash at closing for the world’s fifth largest online poker network, with up to a further €10m payable within five years. The additional payment is contingent on the launch of legal real-money online poker in the [...]

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