Back in November 2012, when Amaya acquired poker and egaming network Ongame from bwin.party, Ongame’s financial status was exposed when it was known that the network had only 31% of the cash segregated.
Players were owed a total of $15.7m in funds and only $4.9m were available at the moment of the negotiation. This revealed a lack of player fund protection.
In an interview with Pokerfuse, CEO of Amaya, David Baazov said that Amaya has decided to segregate player funds into a separate account as a way to secure players deposits. He added that Amaya “guarantees the liabilities of all of its subsidiaries including those of Ongame.”
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