Amaya Gaming Acquired PokerStars for $4.9 Billion

Amaya – Poker Stars Deal If you ever wondered how much money was actually in online gambling and gaming sites wonder no more. Amaya Gaming, a small publicly-traded Canadian supplier of gambling equipment has reached an agreement to purchase PokerStars, the world’s biggest online poker company, for $4.9 billion.

The deal would transform Amaya into the biggest player in the $4 billion global business of online poker. The company aims to bring PokerStars, the world’s dominant poker website, back to the U.S. following run-ins with authorities, a development that could potentially jumpstart an online gambling industry that is off to a wobbly beginning.

“Having this brand and this company in the U.S. is going to be very significant for states,” Amaya Chairman and Chief Executive Officer David Baazov said in an interview

PokerStars and Full Tilt Poker are operated by Isle of Man-based Rational Group Ltd. The company, with more than 1,700 employees, has 85 million registered players worldwide.

Amaya had issued new debt and shares to raise the money for the deal.

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