Date Closed

November 1, 2012

Lead Office

Québec City

Value

25.00 Million EUR

On November 1, 2012, Amaya Gaming Group Inc.  announced that it completed the purchase of Ongame Network Ltd.  from bwin.party digital entertainment plc for up to €25 million.

The purchase price was €25 million on a cash-free and debt-free basis. The price included a contingent consideration of up to €10 million, which will become payable by Amaya if there is regulated online gaming in the United States within five years of completion of the acquisition. The exact amount of the contingent consideration will depend upon the extent of U.S. regulation of online gaming, including the number of states that regulate it and the total population living in those regulated states.

Amaya, headquartered in Pointe-Claire, Québec, is an entertainment solutions provider for the regulated gaming industry.

Ongame, headquartered in Gibraltar, United Kingdom, is a business-to-business (B2B) online poker network.

McCarthy Tétrault LLP represented Amaya, as acquiror, with a team led by Philippe Leclerc, and including Myreille Gilbert.