PokerStars Sale Receives Regulatory ApprovalsAmaya Gaming Group Inching Closer To Completing $4.9 Billion Transaction |
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Amaya Gaming Group Inc. announced this week that it has received all required approvals from the gaming regulatory authorities that currently license Rational Group Ltd., owner and operator of the PokerStars and Full Tilt Poker brands.
The deal is expected to close by October.
In June, PokerStars, the world’s largest poker website in terms of traffic, reached a deal to be sold to Amaya for $4.9 billion.
There have been big developments in the gaming industry this summer. International Game Technology, a firm similar to Amaya, just fetched $6.4 billion in a merger with GTECH.
The Canada-based Amaya also owns the Ongame Network, which it acquired from bwin.party in 2012. It has partnered with the Golden Nugget for online gaming in Nevada and New Jersey. In addition, Amaya Gaming has a deal with Ultimate Gaming in New Jersey.
According to the conventional wisdom, PokerStars being under new ownership might give the firm a better chance at re-entry into the United States, whichever state that may be.
PokerStars currently is not licensed by any jurisdiction in the U.S.
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