PokerStars Parent Could Receive Second Stock Exchange Listing

PokerStars Parent Could Receive Second Stock Exchange Listing

The brand new York Stock Exchange is one of two options for PokerStars and Amaya Gaming now. (Image: en.wikipedia.org)

It was previously that the online poker room that is biggest had been privately held. The massive $4.9 billion buyout of PokerStars by the Amaya Gaming Group opened up the possibility for investors to possess an item of the poker room giant through their publicly owned parent company. Now, the head of Amaya is considering offering investors a way that is second access it board with the company.

According to Amaya CEO and chairman David Baazov, the company is preparing on creating a dual listing that would end up in the firm, including PokerStars, being open to investors on a 2nd exchange.

‘There would have been a dual listing,’ Baazov told the Sunday circumstances recently, confirming the program.

New York or London

Right now, Amaya is noted on the Toronto inventory Exchange, where it was traded for the past four years. Nevertheless, the twin listing would see Amaya additionally listed for trading either on the London Stock market or one of ny’s exchanges. At the moment, no decision has been made on which exchange would be better Amaya.

London could be a target that is likely however. Provided the united kingdom’s central role into the on line gambling world, it is a home that is natural Amaya. In addition, lots of the world’s largest video gaming businesses are exchanged as part of the gambling Continue reading “PokerStars Parent Could Receive Second Stock Exchange Listing”

Jersey City $4.6 Billion Casino Resort Proposed for North Jersey

Jersey City $4.6 Billion Casino Resort Proposed for North Jersey

A casino in Jersey City could fight off competition from New York in the Garden State casino market (Image: sloanspringer.com)

Venture capitalist Paul Fireman wants to create a $4.6 billion casino resort in Jersey City, according to reports by this new Jersey press. State Governor Chris Christie recently declared his openness to your expansion of casino gaming into North Jersey, plus it appears Fireman, who is A ceo that is former of now operates Fireman Capital Partners, is working hard to make it work well.

The businessman has been ending up in New Jersey politicians over the month that is past discuss his proposal for the 95-story hotel and casino rising above New York Harbor that could additionally feature a motorsports stadium and ‘the largest Ferris wheel into the world.’

Atlantic City, that has always had the monopoly on casino gaming since the property that is first there in 1978, has lately been in dire financial straits. Despite injections of money and a five-year intend to rejuvenate the city, spearheaded by Governor Christie in 2011, its casino market did not bounce back from the recession, because was indeed hoped.

Moreover, it is often hit hard by new competition from neighboring states such as for example Pennsylvania, which has superseded New Jersey as the 2nd biggest casino market in the US, after Nevada. And even though Atlantic City casinos like The Showboat and Revel contemplate closure Continue reading “Jersey City $4.6 Billion Casino Resort Proposed for North Jersey”