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Ongame unlikely to deliver expected results, says Shuffle

27th June 2012 2:11 pm GMT

Shuffle Master has said that it decided not to proceed with the acquisition of the Ongame poker network from bwin.party because it has become evident that the network’s operations post-acquisition “will not achieve the near-term results we initially expected”.

"When we signed the definitive agreement in February, we believed that general market conditions and Ongame's sales pipeline supported the purchase being neutral or modestly accretive to the company's EBITDA,” said Shuffle Master chief executive Gavin Isaacs.

“Business [...]

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