Ongame Shutters Spanish Operations
Ongame is shutting down its Spanish poker operations and stepping out of the market there entirely. It’s another sign that that success in Spain is turning out to be pretty elusive for all but the biggest players.
While Ongame’s departure from Spain is big news for Ongame, it probably won’t have much of an impact on Spanish gamblers.
According to a report published in EGR Magazine, Ongame’s average weekly player totals were often in the single digits. By comparison, PokerStars averages more like 1300 players, while 888 has just over 350 players each week.
Though company officials gave no formal announcement of the plan, most credible sources believe that a lack of liquidity was the driving force behind the move.
Ongame, like most online gaming companies, saw the liberalization of Spanish gaming markets as a potentially huge revenue producer.
Several well-known operators have already turned in their Spanish gaming licenses and others are said to be considering an adios of their own.
That Ongame, or any either Spanish facing operator is willing to exit the market speaks volumes about the pain in Spain. These companies all invested millions of Euros and endured several levels of bureaucratic hell while obtaining their Spanish licenses.
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