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Sale of Ongame Completed

1st Nov 2012 07:00

RNS Number : 0350Q
bwin.party digital entertainment
01 November 2012
 



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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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