PokerStars Parent Could Receive Second Stock Exchange Listing

PokerStars Parent Could Receive Second Stock Exchange Listing

The brand new York Stock Exchange is one of two options for PokerStars and Amaya Gaming now. (Image: en.wikipedia.org)

It had previously been that the online poker room that is biggest had been privately held. The massive $4.9 billion buyout of PokerStars by the Amaya Gaming Group exposed the possibility for investors to own an item of the poker room giant through their publicly owned parent company. Now, the head of Amaya is considering offering investors a second method to access it board with the company.

In accordance with Amaya CEO and chairman David Baazov, the company is planning on creating a twin listing that would result in the firm, including PokerStars, being open to investors on an exchange that is second.

‘There is a dual listing,’ Baazov told the Sunday occasions recently, confirming the master plan.

New York or London

Right now, Amaya is listed on the Toronto inventory Exchange, where it’s been traded for the past four years. Nevertheless, the twin listing would see Amaya also listed for trading either on the London Stock market or certainly one of New York’s exchanges. No decision has been made on which exchange would be preferable to Amaya at this time.

London would be a target that is likely however. Provided the UK’s central role into the online gambling world, it’s a normal home for Amaya. In addition, many of the world’s largest gaming businesses are traded included in the gambling sub-sect Read more