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Toward a merging between Amaya Gaming and PokerStars
The global online poker industry, and particularly in the United States could see again a turning point of its history. According to rumors, the Amaya Gaming Group is about to assume ownership of the leader of online poker, PokerStars. According to these sources, an agreement relating to the merging between Amaya with the company founded by Isai Scheinberg is under negotiation. As evidence of this acquisition, since the beginning of May, the stock market price of the Amaya share would have increased significantly, from $ 7.71 to $ 10.25. However, after the series of acquisitions it has made in recent years, the Canadian group would have great difficulty in finding sufficient financial resources to acquire the red spade room. As a reminder, Amaya Gaming owns now Cryptologic, Chartwell Technology and Ongame.
For the moment, no information confirming or not this merging has been given by both parties. However, the reasons of this fusion of Amaya Gaming and PokerStars are very important. Indeed, such a market transaction will allow PokerStars, as a reminder penalized by the U.S. Department of Justice during the Black Friday case, to be back legally on the U.S. market. Indeed, following the heavy charges against its leaders in this case, the poker room of the Isle of Man has no chance to get a license in the U.S. market. The Gambling Commission of the State of New Jersey has already suspended its demand for two years. Only a major change in the organizational structure of the company could therefore change it. And this could be done via the Amaya Gaming fusion.
Source: Oliver JOHNSON
Saturday, 31 May 2014
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