Significant Movement Amaya Gaming Group Inc. to take over Poker Stars – the world’s biggest online Poker Company
5 (100%) 35 votes

Acquisition agreement has occurred between Poker Stars and Amaya Gaming Group Inc. – supplier of gambling equipment and systems based in Point Claire, Quebeq – Canada have agreed in US $ 4.9 billion. That agreement happened after Amaya Gaming Inc. supported by two large group of the Company. First, Credit Division Blackstone, GSO Capital Partners, worth $ 675 million in the form of convertible preferred stock and other securities and Second, Deutsche Bank- Barclays and Macquarie Capital for $ 2.9 billion in the form of credit facilities and other financing.
As a large company other online poker is PartyGaming and Full Tilt Poker, PokerStars is growing rapidly in the US market. Poker Stars Company posted revenue of US $ 1.1 billion last year and earnings before interest, taxes, depreciation and amortization of $ 420 million.
After being acquired by Amaya Gaming Inc. Poker Stars will release a new platform Online Sports Betting at the end of April 2015 according Amaya Chief Executive Officer David Baazov said in June 2014 years ago.