An agreement has been signed between Amaya Gaming Group Inc., which is the possessor of Ongame Poker Network located in Canada and SHFL Entertainment. As per the agreement, a license will be granted by Amaya Group to SHFL which will enable latter to emerge as the special distributor of the Ongame software podium inside the boundaries of US.
The agreement will be effective for a period of ten years. In addition to this, SHFL which is the parent company of Shuffle Master will give $10 million and $2 million to Amaya Gaming for promotion of Ongame Network and to get privileged to make available the Ongame Poker and AGP casino-games to its customers, respectively. An additional feature worth $8 million has been added to the deal which will be effective at the time of legitimatization of online poker bill at the US central level or in California. There are discussions of reviving the poker bill in US or Canada in Jan. 2013. However, since the Reid/Kyl bill has been turned down for the time being and the online gambling rules has become a matter of concern for the states, therefore the amount of $8 million will be distributed proportionately among states according to the total number of residents in the individual states which make their own online gambling rules.
This fresh association is going to benefit the two parties involved and it is something which was existent at the time of declaration of the agreement. This agreement enables SHFL to avail of the online services of Amaya Gaming Group.
Louis Castle, the Chief Strategy Officer of the SHFL stated that social casino and free-to-play games have provided them with wonderful prospect of working in association with Amaya. He added that they always considered Ongame to possess the most excellent of technical equipments for online B2B poker and they are excited that they are working with them. Also the online poker market of US is quite productive.
Equally, at present the company located in Canada has an articulate receipt on the authorization contour in a number of the high-tech markets which will hopefully grow in the US. Keeping in view more than 3,000 commercial clients in gigantic markets across the globe attached with SHFL and the influence and skills of handling the gaming authoritarian governments, Amaya has entered into a productive agreement.
As per statement given by Carl Zide, the Communications Manager of Ongame, the Amaya/Ongame will get power and licensing expertise. It is because all the agreements of US will pass through US. He added that since Ongame is already a chief supplier in the synchronized markets, therefore they can start working instantaneously after getting green signal from their associates.