Canada – Amaya receives gaming regulatory approvals for Rational Group acquisitionBy Phil - 30 July 2014
Amaya Gaming Group has received all required approvals from the gaming regulatory authorities that currently license Rational Group, owner and operator of the PokerStars and Full Tilt Poker brands, in connection with Amaya’s previously announced acquisition of Rational Group.
Amaya also announced that it has received conditional approval from the TSX regarding the Proposed Transaction and the listing of Amaya common shares issuable in connection with the planned financing of the Proposed Transaction, including those underlying warrants, subscription receipts and convertible preferred shares issued in relation to the planned financing.
Completion of the Transaction remains subject to, among other customary conditions, the approval of certain aspects of the planned financing for the Proposed Transaction by Amaya’s shareholders, which are scheduled to consider the matter at the annual and special meeting of the Corporation’s shareholders on July 30, 2014. Assuming a favorable outcome at the Shareholder’s Meeting, Amaya and Oldford Group Ltd., the parent company of Rational Group, intend to move expeditiously towards completion of the Transaction.
Amaya has also just announced that a selection of its online casino games have been launched on Full Tilt Poker to bolster the site’s expansion into casino gaming.
Amaya and Rational Group have entered into a licensing agreement under which Amaya has integrated its Casino Gaming System platform, which includes a library of online and mobile casino games including branded content, onto Full Tilt’s platform. The Agreement is separate from the previously announced acquisition by Amaya of Rational Group.
Earlier this year, Full Tilt began expanding its game portfolio by offering a range of single- and multi-player variations of Blackjack and Roulette as well as online slots. Rational Group will immediately enhance the online slots offering with Amaya’s Casino Gaming System and in the future will further leverage Amaya’s international reach and product pipeline for additional offerings.