Amaya Gaming Group’s share price rose to 29.61 CAD upon news that their acquisition of Rational Group received regulatory approval from the authorities of PokerStars and Full Tilt Poker. Free Slot Money brought to you news of the $4.9 Billion deal to purchase Oldford Group (parent company of Rational Group) back in June and now The Montreal-based company has received both regulatory approval as well as the green light from the Toronto Stock Exchange to list warrants and preferred shares issued in relation to a planned financing.
This Wednesday, Amaya shareholders will meet to vote on and further discuss financing of the deal at their annual meeting. If all are in favor at the shareholder meeting, Amaya will move to complete the purchase of Rational Group.
The move for Amaya to acquire Pokerstars and Full Tilt Poker aims to get the online gaming sites back into operation in the United States after legal troubles had prevented the company from returning to the US market. The deal calls for Mark Scheinberg to step down as Amaya takes over while PokerStars and Full Tilt Poker’s headquarters remain in the Isle of Man.
Submit your review | |
Submit your review | |
