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Pokerstars Amaya Deal

Friday June 13, 2014 :  AMAYA - POKERSTARS DEAL RESURFACES (Update)
 
Trading in Amaya shares halted following 28.7 percent surge in stock price.
 
Las month's rumours of an acquisition deal featuring Amaya Gaming and the Isle of Man online poker giant The Rational Group  returned with a vengeance Thursday following a Bloomberg business news report quoting two insiders who revealed that an agreement is imminent.
 
Blackstone Group LP’s credit business, GSO Capital Partners LP, is among the backers of Amaya’s bid, arranging more than $1 billion in financing, according to one anonymous Bloomberg source.
 
Giving credence to the rumours, trading in Amaya was halted in Toronto Thursday after the stock surged 28.7 percent in two days. The stock was halted for pending news, according to a statement from the Investment Industry Regulatory Organization of Canada.
 
Montreal-based Amaya, which over the past few years has acquired important online gambling companies like Chartwell Tech, Ongame and Cryptologic, generated C$155 million in revenue last year, Bloomberg reports.
 
Such an ownership change at the Rational Group could enable subsidiary Pokerstars to overcome "bad actor" problems and access the evolving US regulated online gambling market.
 
Amaya shares have appreciated by 77 percent in the first six months of 2014.
 
Communication execs for both Amaya and Rational declined to comment when approached by the media.
 
Bennett Goodman, head of Blackstone’s credit business, said at the firm’s fourth investor day in New York that his company is preparing to announce its biggest yet credit deal, worth over $1 billion and involving an unidentified North American company.



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$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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