Further to an announcement last month, bwin.party has completed the sale of its Ongame online poker network to Amaya Gaming Group on a cash-free and debt-free basis.

OnGame

The €15m deal includes a clause for a further payment in the event of regulated online gaming in the US.

An additional payment of up to €10m will become payable if there is regulated online gaming in the US within five years of completion. The precise amount payable depends on the extent of regulation and the total population covered, whether federal or by state.