Shuffle Master, a slot machine manufacturer in <a href="www.bya999.com/"; target="_blank" title="카지노사이트">카지노사이트</a>Las Vegas, has confirmed the acquisition of the Ongame network of bwin.party. The acquisition cost the company €19.5 million and may require additional funding over the next five years. It has been reported that this agreement has been going on for several weeks, but it was not until the Shuffle Master officially released the news that the acquisition was confirmed.
According to reports, bwin.party has always regarded the Ongame network as a "remaining asset" and wants to sell it. In December last year, a negotiated agreement was reached with potential buyers. Soon, the potential buyer was revealed to be the Shuffle Master. It hopes to gain a foothold in the US online poker market through this acquisition.
Shuffle Master's CSO Louis Castle said, "The acquisition of Ongame brings the world-class poker software and technology to the Shuffle Master. The entire enterprise and operational experience has proven that we can provide the highest level of B2B line after the acquisition. On the product." Shuffle Master has to pay 19.5 million euros in advance for this network. However, in the next five years, it is also possible to invest 10 million euros in phases, if the online poker in the United States is legalized and can provide real money online poker.
In addition, Shuffle Master will be able to offer legal games in Denmark, France and Italy. The Ongame network has obtained an operating license in these areas. With the sale of the Ongame network, bwin.party is expected to transfer the current bwin Poker customers to the PartyPoker network.