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bwin.party completes sale of Ongame to Canada’s Amaya

1st November 2012 8:57 am GMT

bwin.party digital entertainment plc has completed the sale of its Ongame B2B poker network to Canada's Amaya Gaming Group.

Amaya has paid €15m on a cash-free and debt-free basis to acquire Ongame, following an initial agreement last month.

bwin.party said that an additional contingent consideration of up to €10m will become payable by Amaya if there is regulated online gaming in the United States within five years of completion.

"The exact amount of the contingent consideration will [...]

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