Regulators Clear PokerStars Acquisition by Amaya Gaming

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PokerStars_logoIn a press release from the company, many regulators from around the globe as well as the Toronto Stock Exchange appear to have given the green light to the PokerStars / Amaya deal, giving Amaya Gaming the necessary approvals that it needs to finalize its purchase of Rational Group, the parent company of PokerStars, and as a result sending the stock of Amaya Gaming up around 33% over the past couple of days.

Rational Group hold gaming licenses from multiple regulated gaming jurisdictions, many of who collect significant amounts of gaming taxes from PokerStars. These include Spain, Italy, France, Belgium, Bulgaria, Estonia, Denmark, Malta and the Isle of Man. As a condition, the financial health of the company in control will also be reviewed by the regulators before they can be authorized to perform their corporate functions.

Through the acquisition, PokerStars’ application with the New Jersey Gaming Commission is being revisited with the hopes that through Amaya’s own license, the company will be granted entry to the US.

The deal is expected to close by the end of September.

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