1st Nov 2012 07:00
1 November 2012
bwin.party digital entertainment plc('bwin.party')
Sale of Ongame Completed
Further to the announcement on 1 October 2012, bwin.party has completed the sale of its Ongame online poker network to Amaya Gaming Group Inc. ('Amaya Gaming') for €15 million on a cash-free and debt-free basis.
Additional contingent consideration of up to €10 million will become payable by Amaya Gaming if there is regulated online gaming in the United States within five years of completion. The exact amount of the contingent consideration will depend upon the extent of the regulation and, if not federal, is based upon the number of states that regulate and the total population covered.
Contacts:
bwin.party digital entertainment plc
Investors
Peter Reynolds +44 (0) 20 7337 0100
Media
John Shepherd +44 (0) 20 7337 0100
Related Shares:
BPTY.L