The Supreme Court of Kentucky has denied Flutter Entertainment Plc an appeal to rehear the litigation made by the state against its PokerStars subsidiary. The FTSE100 firm’s request relates to the Kentucky Court of Appeals reversing its judgement on PokerStars owing the Commonwealth of Kentucky $870 million for unlicensed online poker wagers recorded between 2006-to-2011. In 2018, Kentucky judges ruled …
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JPJ Group terminates InterCasino and Vera&John’s UK presence
London-listed JPJ Group has confirmed that it will retire its Vera&John and InterCasino brands from the UK market, choosing to focus its home market presence through flagship domain Jackpotjoy. JPJ has communicated to existing UK customers that the online casino brands will be officially shut down on Tuesday 3 September, with the operator no longer accepting new player registrations. “We’ve …
Read More »Positive KPIs see The Stars Group raise 2017 guidance
Updating the market, Toronto TSX-listed The Stars Group (formerly Amaya Inc) has announced that it has raised its full-year 2017 corporate guidance. Based on its current year-to-date performance, The Stars Group governance has detailed to investors that it will now target group corporate revenues of $1.28-1.31 billion, upping its prior forecast of $1.20-1.26 billion. The revised guidance will now see …
Read More »Amaya investors approve ‘The Stars Group’ name change
Following this month’s Annual General Meeting, Amaya Inc shareholders have approved the corporate name change of the company to ‘The Stars Group’. The name change proposition was put forward by Amaya governance last May following the firm’s Q1 2017 trading update. Following a shareholder vote, Amaya governance details that The Stars Group name change has gained outright stakeholder backing. The …
Read More »Amaya Inc appoints Dr. Jerry Bowskill as new technology lead
Toronto TSX-listed online gambling group Amaya Inc, continues the restructuring of its executive leadership team announcing the appointment of Dr. Jerry Bowskill as Chief Technology Officer (CTO) with immediate effect. A seasoned technology infrastructure veteran, Bowskill joins Amaya from industry private consultancy Partis Solutions. Bowskill has further industry technology development and delivery experience having served as Lead Technology Architect for …
Read More »‘Speed & Smarts’ Usain Bolt joins Team PokerStars
Amaya Inc online poker subsidiary PokerStars, has announced Usain Bolt, the world greatest sprint athlete as its new Brand Ambassador. This weekend Bolt announced joining Team PokerStars’ marketing initiative ‘Im All-in’ via his Facebook Page. Bolt, an eight-time Olympic gold medallist, issued a challenge to Team PokerStars comedian and actor Kevin Hart who joined the poker room as an ambassador …
Read More »Amaya Inc appoints Brian Kyle as new CFO
Toronto TSX-listed Amaya Inc has confirmed the appointment of Brian Kyle as its Chief Financial Officer (CFO), replacing the departing Daniel Sebag as group finance leader. Kyle is expected to takeover full CFO duties from 19 June. An experienced 25-year tech enterprise CFO, Kyle joins Amaya from IT operations and software infrastructure specialist Pivot Technology Solutions. “Brian will be a …
Read More »Acquisition ready Amaya Inc hires Robin Chhabra as Group M&A lead
Seeking to boost its industry M&A and commercial competencies, Toronto TSX-listed Amaya Inc has hired former William Hill Group Director of Strategy and Corporate Development Robin Chhabra. As of yet, Chhabra has been given no official executive title, however joining Amaya he will act as corporate M&A lead as the firm’s governance seeks to expand its industry portfolio. An industry financing expert, …
Read More »David Baazov continues share sale of Amaya equity
Former Amaya Inc Chief Executive David Baazov has reduced his shareholding in the Toronto TSX-listed firm to just 3.8% of common shares following the disposal of 12 million shares over the past two days. Updating the market, Amaya informed that Baazov had sold 12 million shares at a target price of CAD $22.31, netting their former leader CAD $268 million …
Read More »Amaya hits ‘record revenues’ despite poker being hit by currency fluctuations
Presenting its full-year 2016 results, Toronto-listed Amaya Inc was pleased to report ‘a record year of revenues’ as the company looks continues to diversify its product portfolio and increase its profile within regulated online gambling markets. Amaya governance would declare full-year 2016 group revenues of $1.15 billion up 8% on corresponding FY 2015’s $1.07 billion. The operator would hit ‘record …
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