PokerStars Buyout by Amaya Gaming; Stock Trades Stop

Amaya Gaming PokerStars Rational Group

Amaya Gaming stopped stock trading today, following a 17 percent jump that dovetailed on rumors of a $1 billion PokerStars buyout.

Amaya Gaming’s stock trading came to a halt today, following a 28.7 percent two-day jump that followed the rumored news of a major buyout of Rational Group’s PokerStars. That move looks set to move forward, based on insider industry information, after Amaya landed some $1 billion in funding, according to sources. Rumors are circulating that Blackstone Group -an international investment firm – is behind the financing for this major deal.

Canadian-based Amaya – primarily a technology outfit – has a prior history with Blackstone’s credit arm, GSO; that company helped Amaya take on slots maker Cadillac Jack previously, to the tune of $167 million.

The stunning news – which we previously reported was on the horizon – is expected to give “bad actor” PokerStars a better shot at re-entry into the US online gaming market; key issues that have stood in the way to date have been surrounding ownership by executives with dubious histories with the Department of Justice, so Amaya’s takeover could possibly put those roadblocks to rest.

An official announcement is expected within 24 hours that Amaya has a solid deal in place with PokerStars parent Rational Group; however, as of this writing, no one from any of these participants has had an official comment.

Sean Gibson
Written by
Sean Gibson
Sean Gibson has been an insider in the poker and casino industry for a number of years. Gibson has worked with many different media outlets and has covered events such as the World Series of Poker Main Event, the World Poker Tour Championship, and an infinite number of online events. He plays both 6-max and Full Ring No Limit Hold'em and can be found playing at either the Oceans 11 cardroom in Oceanside, CA or at Caesar's Palace in Las Vegas.

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