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The REAL Way to Win Big at Online Poker

Amaya Gaming (AMYGF) now gives you access to the cash cow that is online poker -- legally

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I stumbled onto online poker many years ago, and all I could think about at the time was the fortunes being made by the operators of popular sites like PokerStars and Full Tilt.

amaya gaming amygf stockOnline poker had taken the world by storm, so every time I logged in, I was playing with people all over the world. There were always tens of thousands of people at the table. Always. And each person was paying the poker site to play, either through tournament fees or rake. I just wanted to find a way to own a piece of one of these sites because they had to be cash cows.

The sector blew up when the Department of Justice went after all the websites and payment processors, shutting them down, indicting their management and confiscating player accounts.

But online poker sites didn’t die — they continued to operate internationally. And finally, my chance to invest arrived.

Earlier this year, a publicly traded Canadian company, Amaya Gaming (AMYGF), purchased PokerStars and Full Tilt, and the acquisition closed earlier this month. I got a look at Amaya Gaming’s financials, and they are what I expected.

I’ve bought into Amaya, and regardless of whether you buy the over-the-counter AMYGF shares or AYA on the Toronto Stock Exchange, this wildly undervalued company should be part of your portfolio, too.

Amaya Gaming – Buying Its Way to Greatness

Prior to the acquisition, Amaya Gaming provided interactive gaming and lottery systems. Third-party content providers would offer their games on Amaya’s servers, which included online and mobile slot play, video poker and table games. AMYGF gobbled up Chartwell Technology and well-established Cryptologic to beef up its offerings and support.

Then Amaya purchased Ongame Network in 2012, which added poker to its brand. Cadillac Jack also was purchased for access to Class II and III Tribal and Commercial gaming markets in the U.S., and Diamond Game for its lottery platform.

Cadillac Jack has received approval to offer slot machines in New Jersey in land-based casinos. It was able to do this because the state’s gaming department decided that only sports betting was subject to its oversight, and thus all other forms of online gaming are permitted. Nevada and Delaware also have come aboard to legalize regulate online gaming.

Amaya is offering its platform to gaming operators, meaning it just sits back and collects the fees.

These will not be the only three states to permit online gaming. Anywhere that tribal or riverboat casinos exist are likely going to open up as markets. That not only means Amaya’s current businesses will be able to operate there, but so will the new online poker platforms.

And it is going to be huge.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/08/online-poker-amygf-amaya-gaming/.

©2017 InvestorPlace Media, LLC