Amaya Gaming Set To Trade On Nasdaq Stock Market
Amaya Gaming has had a rocky road since their acquisition of PokerStars last year. While reporting impressive revenues due mainly to the acquisition of the world’s largest online poker company, Amaya Gaming have been under scrutiny for the lead up to their acquisition which saw their share price skyrocket.
They are still under investigation for insider trading in Quebec and are looking to gain more credibility on other regulated markets. Today Amaya Gaming announced that they will begin trading on the prestigious Nasdaq’s Global Self Market on June 8 under the AYA symbol.
This formal stamp of approval is just what Amaya have been looking for in light of their recent investigations in Quebec. CEO of Maya David Baazov could not hide his delight at the news and said,” Our listing on Nasdaq is an important milestone for Amaya and a testament to the tremendous progress we have made over our five years as a public company. We anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base.”
In a statement Amaya went on to emphasize the strict requirements for entering this elite club and pointed out that membership into the Nasdaq Global Select Market is only given to “the highest quantitative and qualitative listing standards, related to , among other things, financial condition, liquidity and corporate governance practices.”