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Acquisition Of Ongame

, 2005-12-20, by TwoGun

Ongame and BetandWin are both major online gambling companies. Ongame is a Swedish company whose most notable firm is Poker Room, one of the larger online poker rooms. BetandWin is an Austrian-based company that trades on the Vienna Stock Exchange. It is a major european sportsbook that was previously not that notable in the online poker sphere.

The deal is a share purchase agreement that is worth about 473.6 million euros. It is not clear what effects this deal will have for customers of Poker Room.

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