Bloomberg Confirms Rumors Of Amaya’s Acquisition Of PokerStars
The rumors of Canadian based Maya Gaming Purchasing the world’s largest online poker site have been confirmed by Bloomberg who cite insiders in the know. The most obvious indicator of the imminent deal is the share price of Amaya which spiked 17 percent on Thursday to reach $14.08. This means that since the rumors began the stock has risen about 39 percent.
According to the well-respected Bloomberg Blackstone Group LP’s Credit business, GSO Capital Partners LP is backing the bid and lining up over $1 billion to ensure the deal goes through. A statement by PokerStars is expected anytime now.
This acquisition would enable PokerStars to enter the expanding online gambling market in the US which up to now was fraught with past problems, In July 2012 they seemed at the time to have made peace with the US authorities when they agreed on a settlement to pay $731 million. Despite their efforts they were turned down by the State of New Jersey who were not impressed with their ghosts from the past. Due to the volatility of the Amaya’s share price, trading in the stock was halted on Thursday.