Just days after being charged with insider trading, David Baazov has taken an indefinite paid leave of absence from his role as Amaya Chair CEO to deal with the allegations. He will remain a member of the board of directors.

In June of this year, Amaya Gaming announced it had purchased the Rational Group, the owners of Full Tiltand PokerStars. The transaction has set off a chain of events including increased rakeat PokerStars’ tables, changes to forex policies, and a rumored overhaul of the site’s VIP program. The transaction has also increased Amaya’s revenues by… Continue reading Amaya Revenues Up 6x After PokerStars Purchase

In an article that eGaming Reviewpublished on Friday, Amaya CEO David Baazov (pictured) reiterated his company’s commitment to an online casino and sports book following the acquisition of the Rational Group, the parent company of PokerStars and Full Tilt Poker. The transaction officially closed earlier this month, well ahead of schedule.

On Wednesday, shareholders of Amaya Gaming approved the acquisition of the Rational Group, the parent company of PokerStarsand Full Tilt. Following the go-ahead from shareholders, Amaya Chairman and CEO David Baazov commented, “On behalf of the Board of Directors, I wish to extend my appreciation to shareholders for their overwhelming support of the acquisition of… Continue reading Amaya Shareholders Approve PokerStars, Full Tilt Purchase

In a half-hour conference call held on Friday, one day after Amaya Gaming purchased PokerStars and Full Tilt Poker, Amaya executives previewed what’s to come for players on the largest and fifth largest online poker sites in the world. While no management changes are expected, it appears that a host of software modifications could be… Continue reading Sports Betting, Social Gaming to Be Focal Points for Stars, Tilt

Now that the sale of the Rational Group, the parent company of PokerStarsand Full Tilt Poker, to Amaya Gaming has been announced, several in the industry have begun speculating about the future of PokerStars founder Isai Scheinberg (pictured, image courtesy Bloomberg) The Canadian and Israeli in his mid-60s was one of 11 individuals indicted on… Continue reading PPA: Isai Scheinberg Settling Would Help “Close the Black Friday Chapter”

On Thursday, Amaya Gaming made the stunning announcement that it would acquire PokerStars, Full Tilt Poker, and parent company Rational Group in a $4.9 billion deal. With the exception of a few rumors, the agreement came virtually out of the blue, and many found it hard to believe that the Canadian firm would be able… Continue reading Poker Community Celebratory But Cautious About PokerStars Sale

On Thursday, Amaya Gaming purchased the parent company of PokerStars and Full Tilt Poker, the Rational Group, for $4.9 billion. The deal is expected to close in September and will make Amaya the largest publicly held internet gambling company on the face of the Earth. The question many players have been wondering is how fast… Continue reading Amaya Purchase Doesn’t Automatically Bring PokerStars to the US

One of the biggest headlines in the history of online poker came down on Thursday night, when it was announced that Amaya Gaming had purchased the parent company of PokerStars and Full Tilt Poker, the Rational Group, for $4.9 billion. Whether PokerStarsor Full Tilt Poker is able to return to the United States in some… Continue reading PPA: PokerStars Sale is “Encouraging News for Millions of American Players”

After a long day of speculation, it was revealed on Thursday night that Amaya Gaming has acquired the Rational Group, the parent company of PokerStarsand Full Tilt Poker, for $4.9 billion. According to a press release, it’s still subject to Amaya shareholder approval.

On Friday, we’d expect to hear news that Canadian-based Amaya Gaming will be purchasing the parent company of PokerStarsand Full Tilt Poker, the Isle of Man-based Rational Group. Blackstone, a US-based private equity firm, is reportedly raising $1 billion for the acquisition. All of this is according to Online Poker Report, Bloomberg, and our own… Continue reading All Signs Point to Amaya-PokerStars Announcement

According to Bloomberg, the price tag for Amaya Gaming’s rumored purchase of PokerStars’ parent companycould be more than $1 billion. The news outlet, which released a series of articles on Thursday about the potential acquisition, said, “Blackstone Group LP’s credit business, GSO Capital Partners LP, is among the backers of Amaya’s bid, arranging more than… Continue reading Report: $1 Billion-Plus in Funding for Amaya’s Purchase of PokerStars