Amaya set for deal with Rational Group
Canadian gaming supplier is thought to have raised more than US$1bn in funding for deal with poker giant
Amaya Gaming looks set to complete a landmark acquisition deal with PokerStars owner Rational Group after securing more than US$1bn in funding, eGaming Review understands.
Sources have confirmed a deal is in place with PokerStars owner the Rational Group, with an official announcement confirming the sale expected in the next 24 hours.
Shares in Amaya have been suspended after rising 17% in early trading today.
According to sources Amaya is believed to have secured more than US$1bn in funding from global investment firm the Blackstone Group to finance the deal.
The Canadian technology firm previously worked with Blackstone’s credit business, known as GSO, to finance Amaya’s $167m takeover of slots manufacturer Cadillac Jack.
The deal is expected to significantly boost hopes of PokerStars making a return to the US internet gaming market, with a New Jersey licence only previously denied due to questions over its ownership.
Amaya, PokerStars, and Blackstone representatives were unavailable for comment.
More to follow”¦