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Tag Archives: Amaya

Canada – Amaya completes name change to Stars Group

Amaya has completed the previously announced change of its corporate name to The Stars Group Inc., continuance under the Business Corporations Act (Ontario) pursuant to which it has become an Ontario corporation, and move of its head office from Montreal to Toronto. The Stars Group’s common shares will begin trading under the ticker symbol “TSG”…

Canada – Amaya to rebrand to The Stars Group

Amaya’s directors have voted to approve a proposed corporate name change to ‘The Stars Group’ to reflect the brands in the company’s stable, namely PokerStars and Betstars. Amaya will become an Ontario corporation and will relocate its head office by the end of August 2017. The name change would also distance the brand from Amaya’s…

Canada – Amaya predicts that 2016 was a record year

Amaya, owner of online poker brand PokerStars, has predicted that its 2016 results will be at the high end of the previous range and between $1,153 and $1,158m, as compared to the previous range of between $1,137 and $1,157m. It believes adjusted EBITDA will be above the previous range and between $521 and $526m, as…

Australia – New legislation could force big betting names out of Australia

The Australian government is looking to crackdown on online sports betting, which could see a host of top gambling names quit the market. Following a review of existing legislation, Communications Minister, Mitch Fifield, has presented the Interactive Gambling Amendment bill 2016 into parliament. The new laws provide the Australian Communications and Media Authority (Acma) with…

Canada – Former CEO launches bid to buy Amaya

Amaya has received a non-binding all cash offer from its former Chief Executive Officer, David Baazov, on behalf of an entity to be formed to acquire Amaya at a price of CA$24.00 per common share. Amaya also confirms that the offer provides for a US$200m deposit into escrow upon execution of a definitive agreement in…

Romania – PokerStars and BetStars approved for Romania

Rational Group has been approved for a long-term licence to continue to operate in the Romanian market by the country’s National Office for Gaming (ONJN). Amaya brands PokerStars and BetStars will continue to be available in Romania, while Full Tilt will no longer be available in the country to comply with regulatory requirements. Amaya Vice-President…

US – Californian assemblyman makes move to ban PokerStars

Politicians in California have proposed changes to online poker laws being pieced together in order to punish PokerStars for its previous business in the US by banning it from doing business in the state for five years. Assembly member Adam Gray has looked to get the Pechanga Band of Luiseno Indians and the Agua Caliente…

Canada – Focussed Amaya doubles its profit

Pokerstars owner Amaya saw its quarterly profit more than double in the first quarter as it continued to expand its online casino offerings and invest in its online sportsbook. Net earnings from continuing operations rose to $55.5m in the quarter ended March 31 from $23.3m. Revenues and real-money online revenues for the quarter increased six…

Germany – edict to provide new casino games to PokerStars and Full Tilt players

edict egaming GmbH has signed a partnership with Amaya, the operator of leading poker and casino brands PokerStars and Full Tilt, to provide new casino games to their players. As a result of this agreement, players will be able to enjoy the fun and thrill of many Merkur slot games. Behind the scenes, the edict…