There has been much speculation regarding the future of the leading B2B online poker network Ongame. As we reported previously there was even speculation that the social giant Zynga was an interested party and then a report of Shuffle master also looking to Ongame. However today rumor was put to rest when bwin.party announced their plans to sell the online poker giant to the Amaya Gaming group for €25 million. The first stage will be a payment of €15 with the remaining €10 million conditional on the U.S gambling market becoming regulated.

A anyone following gambling in the last year is aware, the U.S. online gambling market is in a phase of transition. With the Wire Act of 1961 being revised it has now opened the doors for many states to introduce legislation that could enable them to begin offering online gambling.

This issue is a hot topic especially in election year as the U.S economy is in the midst of a crisis. For many individual states the chance to introduce or to expand existing gambling options would be a much need source of revenue. Currently the federal government has not come up with a national policy and it is up to individual states to make their own moves. The leading states are Nevada and Delaware who have already issued online gaming licenses. Online poker is seen as the most likely to be approved initially and has got the most attention from major players like Zynga who plan who are planning their real money poker offerings in the hope or expectation that it will be legalized soon.

Co-CEO’ of bwin.party Jim Ryan and Norbert Teufelberger stated their thinking behind the deal,” The sale of Ongame conforms to our strategy, especially as we move closer to launching our single, proprietary technology platform in the next few months. We believe Ongame will fit well into Amaya Gaming and has an excellent future ahead.”

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