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Amaya Gaming Soaring share price triggers takeover speculation

Saturday May 24,2014 : WHAT'S HAPPENING AT AMAYA GAMING?
 
Soaring share price triggers takeover speculation.
 
Soaring share prices and a remarkable trading volume on Amaya Gaming late Friday - the stock surged almost 14 percent to close at $10.25 on trading volumes five times the normal daily average - have triggered speculation that something positive is on the go at the online gambling software provider.
 
With rumours circulating rapidly despite the holiday weekend, the Calvin Ayre information site claimed that it had been told by unidentified sources that the big news could be a deal between Amaya and Pokerstars, the industry's biggest online poker operator owned by the Isle of Man-based Rational Group.
 
Neither company has responded to requests for comment.
 
The CA report speculates that despite the disparity in size and capital of the two companies, such a deal might provide a solution enabling Pokerstars to enter the regulated US market under new ownership if a reverse takeover were engineered.
 
 Amaya already has a New Jersey licence, and Pokerstars has a hung agreement with an Atlantic City land casino operator and an application for an online gambling licence in the state that is dormant but still live
 
Such an arrangement may be the answer to New Jersey reservations about licensing the present Pokerstars-Rational Group senior management...and the tempting prospect of a regulated and licensed California market remains on the horizon - Pokerstars has an alliance with the Morongo tribe and cardrooms there.

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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