Following rumors of an impending deal between online gambling operators Ongame and BetandWin, the Independent recently published a report revealing just how much the founders of Ongame stand to make if the deal is concluded successfully.

News of the deal with BetandWin has for the time being sidelined Ongame’s previous intentions of floating on the London Stock Exchange.

The company, founded in 1999 by Claes Lidell and Oskar Hornell of Sweden, was established as a casino software and online poker venture. Under the terms of the BetandWin deal, Lidell and Hornell are the main Ongame beneficiaries of millions of Euros in cash.

Lidell currently owns 28 percent of Ongame. If the deal is successful, he stands to make 132 million Euros, 79 million of which are in cash.

The Hornell family – comprised of Oskar, two siblings and his father – own 53 percent of the shares in Ongame. This means a potential 251 million Euro for the family. Under the agreement’s terms, 151 million Euros will be awarded in cash.

Another stakeholder in the company, former chairman Bo Johnson, is also a main beneficiary in the deal. Owning 15 percent of the company, Johnson could make 71 million Euro in cash and shares if the deal goes through. The remaining four percent of Ongame shares are owned by both current and former staff.

Under the terms of the deal with BetandWin, Ongame will retain its chief executive Patrik Selin, who will lead the management team for a further year.

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