Ongame Network May Get Sold to Montreal’s Amaya Gaming

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The Ongame Poker Network may finally find its new home soon in the Amaya Gaming family, a company based out of Montreal, Quebec.

The online poker network which is currently owned by bwin.party and is considered to be a redundant asset of the company was to be acquired by Shuffle Master earlier on in the year before the deal fell through. Soon after, a new suitor stepped up to the plate in the form of social media gaming giant Zynga but that deal never made it to the table. Amaya Gaming is the latest frontrunner in the conquest.

Amaya Gaming is a solutions provider for the gaming industry with clients all over the world. As a publicly traded company on the Vancouver stock exchange, they have a market capitalization value of about $300 million. Although the company has reported $3 million in losses in 2011 and already $7 million in losses for 2012, they did manage to raise $103 million to purchase online casino games developer Cryptologic.

Amaya Gaming has clients that include governments, lotteries, casinos and hospitality operators in North America, Latin America, Europe, Asia and Africa.

 

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