{"id":25073,"date":"2014-05-27T08:27:11","date_gmt":"2014-05-27T08:27:11","guid":{"rendered":"http:\/\/gaming-awards.com\/NEWS\/?p=25073"},"modified":"2014-05-27T08:27:30","modified_gmt":"2014-05-27T08:27:30","slug":"amaya-gaming-stock-rises-on-rumours","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/amaya-gaming-stock-rises-on-rumours\/","title":{"rendered":"Amaya Gaming stock rises on rumours"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\">Heavy speculation over the weekend focused on Amaya Gaming Groups possible purchase of online poker giant PokerStars, with Amaya\u2019s stock value rising 30% since Friday 23<\/span><sup><span style=\"color: #000000;\">rd<\/span><\/sup><span style=\"color: #000000;\"> May. However the online software provider company has released a statement following the rapid rise of its stock saying:<\/span><\/p>\n<div id=\"attachment_24288\" style=\"width: 160px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-24288\" class=\"size-thumbnail wp-image-24288\" alt=\"Pokerstars the online poker giant which is likely out of reach for Amaya at present.\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-150x150.jpg\" width=\"150\" height=\"150\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-150x150.jpg 150w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-300x300.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-250x249.jpg 250w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-50x50.jpg 50w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-405x405.jpg 405w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-638x638.jpg 638w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-619x619.jpg 619w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars-30x30.jpg 30w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2014\/02\/pokerstars.jpg 899w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><p id=\"caption-attachment-24288\" class=\"wp-caption-text\">Pokerstars the online poker giant which is likely out of reach for Amaya at present.<\/p><\/div>\n<p><span style=\"color: #000000;\">\u201cIn response to trading activity that may stem from market rumours that have come to the company\u2019s attention regarding a potential strategic acquisition, Amaya stated today that \u2026 [it] regularly evaluates potential acquisition opportunities,\u201d the company, which provides gaming products and services for both online and physical gambling industries, said in a statement by Amaya.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cThere can be no assurance that any such discussions will ultimately lead to a transaction.\u201d<\/span><\/p>\n<p><span style=\"color: #000000;\">One thing Amaya are about to do is sell its poker platform, Ongame Network, by the end of second quarter in order to finance \u201ca significant acquisition,\u201d Neil Linsdell, analyst with Industrial Alliance Securities, wrote in a May 20 note.<\/span><\/p>\n<p><span style=\"color: #000000;\">Mr. Linsdell also said in the note he expects Amaya is looking to \u201c\u2018trade up\u2019 to a larger poker platform.\u201d<\/span><\/p>\n<p><span style=\"color: #000000;\">But the question is would that platform be PokerStars? It seems highly unlikely at this point as PokerStars is a privately held company and worth billions of dollars, observers say Amaya Gaming has only some $500 million in disposable cash for any acquisitions, leaving them well short of any approach.<\/span><\/p>\n<p><span style=\"color: #000000;\">However some observers are saying a merger or a reverse sale could be more likely.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Heavy speculation over the weekend focused on Amaya Gaming Groups possible purchase of online poker giant PokerStars, with Amaya\u2019s stock value rising 30% since Friday 23rd May. However the online software provider company has released a statement following the rapid rise of its stock saying: \u201cIn response to trading activity that may stem from [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":23171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3,8],"tags":[],"class_list":["post-25073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","category-igaming","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amaya Gaming stock rises on rumours - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/amaya-gaming-stock-rises-on-rumours\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amaya Gaming stock rises on rumours - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Heavy speculation over the weekend focused on Amaya Gaming Groups possible purchase of online poker giant PokerStars, with Amaya\u2019s stock value rising 30% since Friday 23rd May. 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