Amaya Address Pokerstars Acquisition Rumours (update)

But neither confirms or denies market rumours

Amaya Gaming Group posted a response to what it terms "trading activity that may stem from market rumours that have come to the company's attention regarding a potential strategic acquisition", without making any specific mention of PokerStars (see previous InfoPowa report).

Amaya said it regularly evaluates potential acquisition opportunities which may lead to discussions with potential targets but that there is no assurance these discussions will ultimately lead to a transaction.

As such the company declined to comment any further on current market rumours "unless and until it is warranted".

Amaya Gaming is likely planning to sell its poker platform, Ongame Network, by the end of second quarter in order to finance "a significant acquisition," Neil Linsdell, analyst with Industrial Alliance Securities, wrote in a May 20 note.

Mr. Linsdell also said in the note he expects Amaya is looking to "'trade up' to a larger poker platform."

Online Casino News Courtesy of Infopowa

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