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William Hill in Merger Talks With Amaya

NEW OWNERS FOR ONLINE GAMBLING GIANT?
 
William Hill confirms it is in merger of equals talks with Amaya.
 
Late Friday was an exciting time in the UK and Canada as rumours surged that the original owners of Pokerstars, the Scheinberg family, were interested in re-acquiring the company - now a subsidiary of the Amaya online gambling group.
 
That was followed by reports that GVC Holdings, William Hill and other unidentified companies were about to make a bid for Amaya, and that beleaguered former Amaya CEO David Baazov had backed away from his plan to acquire his former company in partnership with private investors.
 
As speculation mounted late Friday, the Reuters news agency issued a report that William Hill and Amaya had confirmed in a joint statement that they were in talks to combine in an all-share merger of equals that is “consistent with the strategic objectives” of both companies."
 
The two companies said the merger would form a “clear international leader” in online gaming.
 
Two unidentified sources told the news agency that Amaya had received "strong buy-out interest" from unidentified private equity firms.
 
The same sources revealed that Baazov, subject of an insider trading investigation from Quebec’s securities regulator, had abandoned his non-binding plans to bid for Amaya after it transpired that external bids for the group were above his planned offer price of Cdn$21 per share.
 
GVC did not respond to enquiries from Reuters regarding the speculation that it had expressed an interest in Amaya.
 
Amaya’s stock jumped on the Reuters report and trading was halted within minutes, at Cdn$23.41, up 9.1 percent on the day in Toronto - the highest level in about 11 months. The company had a market capitalization of about Cdn$3.1 billion before the rally.
 
Our readers will recall that Amaya paid $4.9 billion to acquire the PokerStars and Full Tilt Poker brands in the Oldford-Rational Group in 2014. Since then Amaya has made a number of acquisition and grown to one of the strongest brands in the business.
 
The Amaya - William Hill statement emphasized that the parties are still in talks and there is no guarantee that final agreement will be achieved...a common cautionary statement used by companies in negotiations such as this.



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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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