BETandWIN.com to Buy Ongame Network
In a deal worth over $625 million, Austria-based BETandWIN.com (BWIN) announced Friday that it has agreed to buy the Ongame Network, operator of PokerRoom.com, the internet’s third largest poker room.
BWIN will pay 40 percent of the purchase price in cash, 40 percent with stock (BWIN is listed on the Vienna stock exchange), with the rest paid by 1Q 2009…
Related Poker Industry News:
- Ongame Poker Acquired by BetandWin
- BetandWin enters into takeover talks with OnGame
- Betandwin.com Bets on Ongame
- BetandWin seals OnGame takeover
- BetandWin Buys Out Rival Ongame in Deal
- Ongame Network Poker Classic Rescheduled, Qualifier Incentives Increased
- BetOnBet Defects to Microgaming Poker Network
- Online Poker Room Shuffles Executives
- BestPoker joins the Ongame poker network
- Online Poker $50,000 Freeroll
- Ongame Expands Online Poker Grip
- BetandWin Buys Online Poker Company Ongame
Useful poker information:
- DEAD MAN'S HAND - Generically: two pair, aces and eights. Specifically: the black aces, black eights and nine of diamonds. The hand Wild Bill Hickok was holding when he was shot to death.
- TURN - The fourth community card in Hold'em.
- ROYAL FLUSH - An ace-high straight flush, the best possible hand in regular poker.
- BRODERICK CRAWFORD - In Hold'em, hole cards of 10-4. From the 1950s TV series "Highway Patrol", starring Broderick Crawford.
- RAINBOW - In flop games, a flop in which no two cards are of the same suit. "The flop was A 9 7 rainbow."
- RIVER - The last card dealt in a hand of stud or Hold'em.
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