Published by CasinoTopsOnline on June 18, 2014 in Industry News

PokerStars and Amaya GamingPokerStars has been the leading online poker site since 2001 when it was first launched. Recently, Amaya Gaming, announced plans to acquire the Rational Group for $4.9 billion, which just happens to be the parent company for PokerStars.

Amaya gaming will receive 100% of all the issues and outstanding shares of the Oldford Group, which is the holding company for the Rational Group and the PokerStart gaming platform. This will be an all-cash transaction for $4.9 billion in US funds. According to the agreement, the transaction will be financed through multiple sources including cash on hands, common shares, non-voting shares and some added debts.

The management team at PokerStars will not be leaving, with the exception of the Chief Executive, Mark Scheinburg.

Amaya Gaming has shown an interest in bringing the PokerStars gaming platform back to the US market, specifically in the state of New Jersey. The US market share has been gouged after legal attacks pushed most online gambling ventures offshore. With Amaya Gaming having several content deals in place with licensed casinos, the path could be much clearer for them than another acquisitioner.

Key Figures For The Rational Group:

  • Revenues of $1.1 Billion In 2013, Up From $976 Million In 2012.
  • Adjusted EBITDA of $420 Million In 2013, Up From $342 Million In 2012.
  • Expected Cash Flow For 2013 Is $317 Million.

The CEO of Amaya Gaming, David Baazov, said that he believes this will strengthen their core business-to-business operations while creating a scalable system for global platform growth.

For those who were hoping for PokerStars to return to the US, your dreams may be coming true.