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Golden Future For Amaya Gaming

Sunday August 3,2014 :  A GOLDEN FUTURE FOR AMAYA?
 
Canadian group is methodically getting its ducks in a row as it moves to complete Rational Group acquisition.
 
Last week's approval by shareholders of Amaya's takeover of the Oldford-Rational group and its market-dominant online poker subsidiaries Pokerstars and Full Tilt largely completed the conditions necessary for the sale but represent just the beginning of a potentially massive international future for the company.
 
Major obstacles envisaged for the $4.9 billion takeover, due to complete by the end of the third quarter of this year, have now been overcome:
 
* The departure of Oldford-Rational founding family Isai and Mark Scheinberg;
 
* Raising the necessary finance;
 
* The approval of the licensing jurisdictions involved;
 
* The approval of Amaya's home stock exchange in Toronto, Canada.
 
The acquisition makes Amaya the biggest business group in the online industry and caps a seemingly unstoppable growth curve that in comparatively recent years that has seen it acquire well-established online companies such as Chartwell Technology, Cryptologic, Cadillac Jack and Ongame, and enter into business relationships with a host of major industry companies.
 
The implications for Pokerstars and Full Tilt are enormous; the departure of the Scheinbergs and the change of ownership should make it possible for Rational to take a run at access to the huge United States market, where its former owners previously presented a hurdle in terms of enforcement indictments.
 
It will be a fiercely contested battle; vested interests already in the market have shown their protectionist colours and a determination to create laws that seek to exclude major competitive threats like Pokerstars by using a history of legal debate on often confusing American state and federal laws like the Wire Act, and clauses that deploy “bad actor” exclusions based on past events.
 
For Full Tilt, it will mean a more diverse future; it has already started offering online casino action in addition to poker, although at present it appears that Pokerstars will stay focused on the poker business.
 
The two Rational group brands are far and away the biggest and best known operators on the international market, with Pokerscout and other independent estimates - and the companies' own disclosures - suggesting a playerbase in excess of 85 million and an international market share somewhere north of 65 percent.
 
The nearest rival commands around 6 percent, illustrating just how powerful a force the combined Amaya entities represent in a market that still has room for growth in Asia, South America and of course the United States, where prior to Black Friday in 2011 Pokerstars and Full Tilt were believed to hold 80 percent market share between them despite the difficult operating conditions.
 
Full Tilt and Pokerstars - especially the latter - also bring to the table an enviably strong presence and brand awareness in the international live poker tournament vertical, being closely associated with global brands like LAPT, APPT, PCA and EPT (Latin America Poker Tour, Asia-Pacific Poker Tour, Pokerstars Caribbean Adventure and the European Poker Tour).
 
In its investor road show, Amaya has already given an indication of its objectives, which include:
 
* Maintaining dominance in the online and live tournament global poker market;
 
* Expand influence in the $3.5 billion annual global online casino sector with new technology developments and games;
 
* Enter the possibly $16 billion a year online sportsbook market - probably next year;
 
* Access the United States online gaming and live tournament market as a priority;
 
* Develop a market in the Asia-Pacific region;
 
* Widen the appeal and impact of PokerstarsPlay in the social gaming vertical - particularly on Facebook.
 
Considering its priority of entering the US market, if Amaya can achieve access to the United States for its Pokerstars and Full Tilt brands, it could have benefits for everyone except its competitors.
 
The savvy and experienced group management at headquarters level in both Montreal and on the Isle of Man remains largely unchanged, ensuring that the high standards of fair play, product quality and diversity, business efficiency, customer care and solid promotional activity will continue...that has to be good for the players.
 
Rational has a sound record for involvement in the communities where it operates, and that will have advantages as it extends its commercial penetration elsewhere.
 
On the regulatory front, these companies have been meeting compliance requirements in some of the world's toughest licensing jurisdictions for decades, and are unlikely to present regulatory hassles for the regulators in states like New Jersey, Delaware and Nevada...and those likely to legalise in the years ahead such as California, New York, Pennsylvania and Illinois.
 
The infusion of professionalism, capital and sheer marketing expertise that Pokerstars represents will undoubtedly expand the market and benefit hosting states in terms of jobs and service facilities, although the boost to tax revenues it can make is probably of more interest to the politicians.
 
Amaya share prices on the Toronto exchange are already showing remarkable growth, up by more than five-times this year alone; that is perhaps the best reflection of investor sentiment on the potential of this new online gaming giant and its future prospects.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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