Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, Eventually

Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, Eventually

PokerStars’ moms and dad business Amaya has announced it intends to simply take the name of its most child that is valuable. The online gaming business that is home to the world’s biggest poker site will call itself ‘The Stars Group Inc.’

Amaya is moving to Toronto and changing its name, marking an era that is new the company’s history, one with distance from its beleaguered founder and former president and CEO David Baazov.

The move seeks to capitalize in the brand recognition of its most asset that is famous and, maybe, distance itself from bad press surrounding former chairman and CEO David Baazov, that is embroiled in legal troubles.

Information for the impending name-change was announced as Amaya delivered its Q1 financial report. In addition unveiled that the ongoing business would be relocating from Montreal to Toronto, a move that will let it ‘more effectively manage its business affairs.’

Rising Tides

The organization reported strong results in Q1, with general revenue up 10 per cent on the period that is corresponding year, to $317.3 million. On the web poker now makes up just 69 % associated with the business’s revenue, as opposed to 75 percent an ago year.

This shift reflected the business’s growing diversification, through its online casino operations and BetStars sports platform that is betting more so than weakness in the poker market.

‘We continued our momentum in the quarter that Continue reading “Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, Eventually”

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

An aggressive $1 million marketing campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is attempting to block legislation in Pennsylvania that would allow movie video gaming terminals (VGTs) in truck stops, restaurants, pubs, and off-track betting facilities.

Billionaire casino magnate Sheldon Adelson is funding a combined team to fight proposed legislation that threatens his hold on gambling task within the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the battle against home Bill 1010, which will permit certain establishments to install VGTs real-money that is offering, poker, along with other casino games.

You will find currently almost 27,000 VGTs in Pennsylvania, all of them in the state’s 12 casinos. If HB 1010 passes, the number could more than double.

John Cunnane, a Wall Street gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that such an expansion of VGTs and authorized VGT locations certainly could hurt established gaming facilities.

‘That’s a number that is insane of, and we’ve heard of impact that’s had on casinos in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus https://real-money-casino.club/ from casinos, but they will feel the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon provided $1 million to Pennsylvanians For Responsible Government (PRG), a newly created lobbying company producing t Continue reading “Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion”

Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, sooner or later

Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, sooner or later

PokerStars’ parent company Amaya has announced it intends to just take the name of its most child that is valuable. The online gaming company that is home to the world’s poker site that is largest will call itself ‘The Stars Group Inc.’

Amaya are going to Toronto and changing its name, marking an era that is new the organization’s history, one with distance from the beleaguered founder and former chairman and CEO David Baazov.

The move seeks to capitalize in the brand recognition of its most asset that is famous and, maybe, distance itself from bad press surrounding previous chairman and CEO David Baazov, who’s embroiled in legal troubles.

Information regarding the impending name-change was announced as Amaya delivered its Q1 financial report. Additionally revealed that the ongoing business would be relocating from Montreal to Toronto, a move which will let it ‘more efficiently manage its business affairs.’

Rising Tides

The business reported strong outcomes in Q1, with general revenue up 10 percent regarding the corresponding period last year, to $317.3 million. On line poker now is the reason just 69 % associated with organization’s revenue, in the place of 75 percent a year ago.

This shift reflected the company’s growing diversification, through its online casino operations and BetStars sports betting platform, more so than weakness in the poker market.

‘We continued our momentum in the qua Continue reading “Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, sooner or later”