Pokerstars and Full Tilt Sold to Amaya Gaming for $4.9 Billion

CalvinAyreNews

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Our prediction was true after all. ;)
 
Debi

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The deal will be finalized on or around Sept 30
 
nevadanick

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OK ... I get it ... having online poker back in the US seems the ultimate goal.

What I don't get ... is doing it the wrong way (for us in the USA).

PS and FT will now be owned by a Canadian firm, with Canadian stock, already heavily involved in other online and hardware gaming, additionally funded by Deutsch Bank (germany), Barclays Bank (UK) and Marquarie Capital (Australia).

The rest of the world - clap your hands together. The US consumers are sending another large portion of their US Dollar your way. Congratulations !!

Oh - and for the few dollars remaining here in the US, it seems those profits for the operators will be directed primarily and predominantly to the Indian gaming establishments ... and we all know that that is directly assisting the poverty stricken and deprived Native American Indians - who by the way - are still mostly poverty stricken. The major profits remain in the hands of the few tribal leaders who drive the largest most expensive vehicles in the "Reserved for Tribal" parking spaces and have moved off the reservations into the most exclusive residential estate areas.

But hey ... we get to play online poker ... :hmmmm:
 
suit2please

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I don't see how this helps PS or FT get into US regulated states if bad actor clauses are written in. How does selling the parent company of the parent company change PS and FT from "bad actors" to "good"?
 
suit2please

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Because the previous owners are the ones being held accountable

I understand that this is what the hope is, I still fail to see how this changes anything. Based on my quick look at Nevadas bad actor clause this wouldn't change anything for pokerstars or Full Tilt. Both would still be banned for 10 years.

Of course this does not mean that the parent companies couldn't license the software. (*Which IMO couldve been done without a sale anyway)

Either way IMO this changes nothing, as without at least interstate poker, US sites traffic is still nothing in comparison to pre black friday PS and FT.
 
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marcela_lula

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hopefully this change of ownership is to the benefit of us frequent poker players and make new Super promotions
 
MiamiMadePunk

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Just hope that they bring back Online Poker here in Florida.
 
curtinsea

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OK ... I get it ... having online poker back in the US seems the ultimate goal.

This seems to be a popular fallacy. It may be the result, it surely is a goal of the new ownership, but it's not the reason for the sale.

"So Pokerstars can get back in the US . . . " does nothing for the seller, and it suggests some kind of altruism that is not credible. The seller is selling because the price is right, the time is right, and it's a good deal for the sellers. The price is well above value, and that is when/why you sell. You don't sell a business that is benefiting you greatly so that that business can go on to greater things without you. There is no logic to that at all.

What I don't get ... is doing it the wrong way (for us in the USA).

PS and FT will now be owned by a Canadian firm, with Canadian stock, already heavily involved in other online and hardware gaming, additionally funded by Deutsch Bank (Germany), Barclays Bank (UK) and Marquarie Capital (Australia).

The rest of the world - clap your hands together. The US consumers are sending another large portion of their US Dollar your way. Congratulations !!

Perhaps you aren't getting it because you think internet poker in the US is holy grail of internet gaming. That simply is not the case. The world market is quite profitable for Pokerstars, and will continue to be so under new ownership. Entry into the US is far from certain (although it would seem the door is now open in NJ; they are barred for a few more years in NV; the ball hasn't moved in CA), so to bank this kind of a deal on a possible future market in the US also defies logic.

The real money is in casino games . . . in NJ casino games generate almost 4x as much as poker. They have already indicated that an all new casino gaming platform will be rolled out. The world market first, then possibly the US.

Oh - and for the few dollars remaining here in the US, it seems those profits for the operators will be directed primarily and predominantly to the Indian gaming establishments ... and we all know that that is directly assisting the poverty stricken and deprived Native American Indians - who by the way - are still mostly poverty stricken. The major profits remain in the hands of the few tribal leaders who drive the largest most expensive vehicles in the "Reserved for Tribal" parking spaces and have moved off the reservations into the most exclusive residential estate areas.

Be that as it may, it's the same either way

But hey ... we get to play online poker ... :hmmmm:

We shall see, we've been down this road before, some promising looking development drives hopes up, but nothing really changes.

Baby steps.

It's not a bad thing by any stretch, but it's not the key to the candy store either.
 
curtinsea

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I understand that this is what the hope is, I still fail to see how this changes anything. Based on my quick look at Nevadas bad actor clause this wouldn't change anything for Pokerstars or Full Tilt. Both would still be banned for 10 years.

Of course this does not mean that the parent companies couldn't license the software. (*Which IMO couldve been done without a sale anyway)

Either way IMO this changes nothing, as without at least interstate poker, US sites traffic is still nothing in comparison to pre black friday PS and FT.

Exactly. Licensing the software to the many competing interests would go a long way towards ending the strife, particularly in Tribal states.

The bad actors clause really has nothing to do with the ownership of the company. It is the fear that a single operator will control the entire market, leaving everyone else on the sidelines. If all of the CA Tribes, for instance, were able to use the Pokerstars platform, they would nix that bad actor language immediately. But they cannot allow one group to have access to such a far superior platform, one that has brand loyalty of the bulk of the players, while leaving the many with the scraps.

Time to go network with the Pokerstars platform and license it to all the Tribes, and watch how fast internet poker moves across the country then.
 
Daniel72

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Wow really the biggest industry News in recent times
Hope the new owners don´t change too much!
And of course good news and new hope for all the US Players
 
theRaven68

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Amaya Gaming is a Canadian gaming and online gambling company traded on the Toronto Stock Exchange. The company produces gaming products and services including online casino, poker, sportsbook, platform, lotteries and slot machines software. It claims some of the world’s largest gaming operators and casinos are powered by its online, mobile, and land-based products.
The takeover was expected to make Amaya the world's biggest publicly listed online gambling company.
 
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Even with individual state bans in some places, I wonder if NAFTA could potentially overrule some of those bans. With FTP/PS being effectively Canadian at the end of this sale, blocking these companies from doing business in states where there is a ban, especially if those states have casinos in them, would seem on the face of it to be a potential violation of the agreement.

I could be wrong, and NAFTA is a huge agreement, but it's something to consider.
 
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My main hope is that somehow we can get poker and gambling into 2 separate discussions. PS/FT do have casino action. I personally could care less about anything other than poker. Which is slowly becoming recognized in courts as a game of skill. I say we chop up poker from "gaming" and make the conversations easier.
 
A2345Razz

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OK ... I get it ... having online poker back in the US seems the ultimate goal.

What I don't get ... is doing it the wrong way (for us in the USA).

PS and FT will now be owned by a Canadian firm, with Canadian stock, already heavily involved in other online and hardware gaming, additionally funded by Deutsch Bank (Germany), Barclays Bank (UK) and Marquarie Capital (Australia).

The rest of the world - clap your hands together. The US consumers are sending another large portion of their US Dollar your way. Congratulations !!

Oh - and for the few dollars remaining here in the US, it seems those profits for the operators will be directed primarily and predominantly to the Indian gaming establishments ... and we all know that that is directly assisting the poverty stricken and deprived Native American Indians - who by the way - are still mostly poverty stricken. The major profits remain in the hands of the few tribal leaders who drive the largest most expensive vehicles in the "Reserved for Tribal" parking spaces and have moved off the reservations into the most exclusive residential estate areas.

But hey ... we get to play online poker ... :hmmmm:

ROFLMFAO,

If you haven't figured out all large multinationals don't give 2 craps about the American people by now you are probably still watching Faux News and believing supply side economic lies about how raising capital gainst to 20% will cause people to stop investing money....lol.
 
nevadanick

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ROFLMFAO,

If you haven't figured out all large multinationals don't give 2 craps about the American people by now you are probably still watching Faux News and believing supply side economic lies about how raising capital gainst to 20% will cause people to stop investing money....lol.

You should understand what you are replying to before you start laughing and rolling ...

My point was ... most of what you said about the multinational corporations. You just didn't read it.

The rest of the world has and lately WILL move on without the USA, except for our $$. What we contribute to the world today is unidentifiable and insignificant except for making sure our cash contribution to world multinationals is assured.
 
AugustWest

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Interesting to see the Amaya pre-announcement trading volume...
 
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