The Bwin spokesman confirmed that with Bwin and Party having strong platforms, in order to avoid duplication, not all platforms will be needed. The goal would be to generate revenue which can subsequently be reinvested.
“Ongame may be repackaged, offered to a potential buyer. Partnerships are also thinkable, where they would take an interest. But no deadlines for this have been decided.”
The spokesman indicated that they would prefer to await US regulation in order to realize the highest possible price and value for shareholders.
“We understand that that the American gaming industry wants online poker regulated, as they want access to that revenue stream. Regulatory developments in the US would raise interest in these assets. But we haven’t yet established any firm deadline, and will look at all options.”
Bwin acquired the Ongame network for €474m in December 2005. They subsequently had to write down the value of the acquisition due to the pull-out from the U.S. in October 2006.
