Shuffle Master Makes Multi-Millionaire Dollar Deal with Ongame Network

04/15/2012
By Tommie ClarkGoogle

Shuffle Master, the worldwide gaming provider, announced a €19.5 million deal with Ongame Network, Ltd., the well-known provider of poker to online casino game operators.

 

Ongame is a subsidiary of bwin.party Services of Austria. Under its umbrella it has 25 brands and operators, such as bwin, Betfair, and Coral Poker. According to company representatives, Ongame went ahead with the deal because they want to provide European players with the ultimate online poker and best online casino experience.

 

Shuffle Master made its mark in the industry by providing automatic card shufflers and roulette chip sorters to casinos and top online casinos across the globe. In recent months, Shuffle Master released their iGaming software featuring online versions of their table games as well as social gaming and mobile apps.

 

Peter Bertilsson, Managing Director of Ongame stated, "Shuffle Master is renowned for offering its customers a unique and diverse suite of products designed to meet the needs of today's online operators and casinos." He went on, “I am confident that together, our organizations are going to be able to develop the very best in new and innovative solutions for the iGaming market."

 

According to reports on the deal, if real-money poker becomes legal in the US within five years, Shuffle Master will pay bwin.party €19.5 million for its shares of Ongame, with a €10 million bonus.  The deal is likely to be complete at the end of 2012.

 

Gavin Isaacs, Chief Executive Officer of Shuffle Master, stated, "Our acquisition of Ongame will allow Shuffle Master to offer a scalable, proven and secure solution for online poker.” He continued, "I am confident that Ongame will fit seamlessly into our ongoing interactive initiatives of delivering our renowned brands to online gaming operators, partner web sites, social networks and mobile platforms.”

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