Tag Archives: rational group

PokerStars powers Amaya Gaming’s 2014 corporate performance

SBC News PokerStars powers Amaya Gaming's 2014 corporate performance

Reporting on its first ever annual performance after acquiring poker operators PokerStars and Full Tilt from Rational Group, Amaya Gaming recorded increased corporate revenues of CAD $688 million up 371% from 2013 CAD $145 million (pre PokerStars & Full Tilt acquisition). The introduction of Rational Group poker operations to its services has seen Amaya record adjusted EBITDA earnings of CAD …

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Amaya faces FINRA probe regarding rapid stock raising

SBC News Amaya faces FINRA probe regarding rapid stock raising

The US based Financial Industry Regulatory Authority (FINRA), is investigating Toronto listed Amaya Gaming with regards to potential insider trading. The probe relates to Amaya Gaming’s rapid stock rising prior to the announcement of its $4.9 billion acquisition of the Rational Group (PokerStars and Full Tilt). FINRA who aim to protect investors by monitoring financial trading and securities industries, is …

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Forbes brands David Baazov as ‘King of Online Gambling’

SBC News Forbes brands David Baazov as ‘King of Online Gambling’

In its December magazine, Forbes has profiled Amaya Gaming Group CEO David Baazov, detailing his bold 2014 acquisition of privately held poker operator Rational Group (owners of PokerStars and Full Tilt). The magazine labels the young CEO of Amaya Gaming Group, as the new ‘king of online gambling’ having pulled off an incredible industry coup. The profile piece written by …

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Baazov wants to retain Rational’s core values

SBC News Baazov wants to retain Rational's core values

Amaya CEO David Baazov wants the Rational Group, parent company of PokerStars and Full Tilt Poker, to continue to focus on its ‘core values’ of ‘integrity, customer focus, and challenge’. Amaya has just invested US$4.9bn completing the acquisition of Isle of Man-headquartered Rational Group Ltd. Baazov commented: “We are extremely pleased to have completed this acquisition. Through PokerStars, Full Tilt …

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Rational Group commits to the Isle of Man

SBC News Rational Group commits to the Isle of Man

The Department of Economic Development has welcomed the announcement that PokerStars has committed its future to the Isle of Man following its planned takeover by Amaya Gaming Group Inc. General Counsel to the Rational Group of Companies Paul Telford has written an open letter to the Chief Minister reiterating the company’s commitment to the Isle of Man. Leonard Singer MHK, …

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Amaya to snap up $4.9bn PokerStars

SBC News Amaya to snap up $4.9bn PokerStars

Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn)  deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …

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Net Entertainment goes Full Tilt

SBC News Net Entertainment goes Full Tilt

Net Entertainment will supply online casino games and services to Full Tilt Poker under an agreement with the The Rational Group, one of the world’s leading online gaming companies. Net Entertainment will provide Full Tilt Poker with a wide range of Net Entertainment’s best in breed mobile and desktop casino games as it builds upon its online casino offering.   The …

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Full Tilt Poker Sportsbook Rumours Circulate

SBC News Full Tilt Poker Sportsbook Rumours Circulate

Rumours are circulating the igaming industry that Full Tilt Poker, one of the internet’s biggest and most recognised poker rooms are exploring the  possibility of broadening their product inventory by offering players a sports betting platform. The move to offer new igaming and sports betting product channels to customers is part of a new strategy taken on board by Full …

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