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Amaya Stock Soaring

Monday June 16,2014 :  AMAYA STOCK GOES THROUGH THE ROOF (Update)
 
News of acquisition deal with The Rational Group triggers a buying spree.
 
All eyes will be on the performance of the Amaya Gaming group shares on the Toronto market Monday to see if the stock's outstanding performance achieved last week can be sustained.
 
Local media report that following the news that the Montreal-based firm had agreed to buy the Pokerstars and Full Tilt parent company The Rational Group for $4.9 billion , the share price advanced 42 percent with five times normal volumes traded, ending the week almost double what it had been at the start.
 
The 33-year-old CEO of Amaya, David Baazov, said that the deal will transform Amaya into the biggest player in the global business of online poker, and that he aims to take Pokerstars back to the U.S.
 
Amaya lined up financing for the deal from lenders including Deutsche Bank AG, Barclays Plc, Macquarie Group Ltd. and Blackstone Group LP.
 
Montreal newspapers report that Baazov embarked on a growth strategy after joining the company several years ago, acquiring online gambling software providers Chartwell Technology and CryptoLogic, and Cadillac Jack, a maker of traditional slot machines. Amaya generated C$155 million ($142.6 million) in revenue last year.
 
“We built it all on a vision of convergence. It’s a very large industry and it’s going to continue to grow,” Baazov is on record as saying.
 
The combined company would have had $1.3 billion in 2013 sales and $474.8 million in earnings before interest, taxes, depreciation and amortization for 2013, according to an Amaya statement.
 
The Isle of Man-based Rational Group Ltd. has more than 1,700 employees, and can boast 85 million registered players worldwide.
 
Rational is owned by Oldford Group Ltd., in which Mark Scheinberg and other principals will sell their stock and resign from the company and all its subsidiaries as part of the agreement with Amaya.
 
Regulatory officials at the Division of Gaming Enforcement in New Jersey, have already confirmed that they are prepared to review the transaction to ensure compliance with regulatory standards, and could possibly lift the current two year suspension of Rational's application for an intrastate online gambling licence if requirements are met.
 
“We are also encouraged by this development and the expanded opportunities it might provide for New Jersey’s Internet gaming industry,” David Rebuck, director of the division, said last Friday.
 
Simon Holliday from research an consulting firm H2 Gambling Capital says that permission to operate in the massive US online poker market is important for Pokerstars future development and crucial for the growth of online gambling.
 
Referencing the Amaya-Rational deal, Holliday said:
 
“This could be massive as it should be the key for the PokerStars brand, technology, client lists and expertise all to gain access to the thus far slow-to-take-off U.S. onshore regulated market.”



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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