× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 13 January 2015

Amaya to repurchase stock

By David Cook
Amaya Gaming, the parent company of online poker operator PokerStars, intends to repurchase some of its own stock as part of a plan to maximise PokerStars’ value.

The plan involves Amaya purchasing and cancelling up to 5,399,631 common shares over a one-year period, which is approximately 5% of the public float.

It will only be able to purchase up to 25% of the average daily trading volume of the common shares each day.

Amaya announced in a statement: “Amaya believes that its current share price does not reflect the underlying value of the corporation, and that purchasing shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders.

“The corporation intends to buy back common shares for cancellation from time to time when it determines the price at which they are trading is undervalued and that such purchases provide the best use of available cash.

Amaya took over PokerStars and fellow operator Full Tilt when completing a $4.9bn acquisition of the Oldford Group, the parent company of the Rational Group, itself the parent company of Stars and Tilt.

IN-DEPTH 18 February 2020
A decade to remember

Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...
Systems and Software
The Leading iGaming Software Supplier in Asia