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DATE: May 25 2012
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Poker.co.uk - Poker News Archive

Monday 12th December 2005

Online Casino In Takeover Bid

Betandwin is reportedly in takeover negotiations with software provider and owner of Internet poker site Pokerroom.com � Ongame. The two companies have already signed a memorandum of understanding regarding the potential acquisition.

If negotiations are successful, the �500m deal would make Betandwin one of the largest online gaming firms worldwide � second only to PartyGaming.

The takeover deal would significantly increase Betandwin�s global reach. Currently, Betandwin's player base is located mostly in Western Europe and Russia. Acquiring Ongame would bolster its position in North America and the United Kingdom � the locales of most of Pokerroom.com's online poker players.

The deal would also initiate a change in strategy for Ongame who prior to the Betandwin development had been planning to float. However, if takeover talks fall through, Ongame will then continue its original plan.

Source: OnlineCasinoNews

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