Amaya Gaming Makes $4.9B Bet on PokerStars

The company will also get Full Tilt Poker

   

Amaya Gaming Makes $4.9B Bet on PokerStars

Amaya Gaming has struck a deal to acquire PokerStars.

iStock 6 150x150 Amaya Gaming Makes $4.9B Bet on PokerStars
Source: ©iStock.com/Riddy

The company will purchase the Rational Group, the parent company of both PokerStars and Full Tilt Poker. The deal is worth about $4.9 billion and it is expected to close by the end of September 2014, according to Amaya Gaming CEO David Baazov.

The deal has been in the works for about a year and it will help Amaya Gaming cement its status as a top player in the online gambling industry. The company will get both PokerStars and Full Tilt as well as plenty of live tournament poker events along with branded poker rooms.

The deal has made Mark Scheinberg one of the world’s youngest billionaires.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/06/amaya-gaming-pokerstars/.

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