Amaya Gaming gains âmilestoneâ Nasdaq listing
Toronto-based gaming giant will list on the Nasdaq Global Select Market with trading expected to begin on 8 June
Amaya Gaming has received approval to list on the Nasdaq Global Select Market and expects to begin trading on 8 June. [private]
The owner of PokerStars and Full Tilt will continue trading on the Toronto Stock Exchange (TSX) after graduating from the TSX Venture Exchange back in October 2013.
Amaya CEO David Baazov said it marked an âimportant milestoneâ for the gaming giant and was a testament to the âtremendous progressâ it had made over its five years as a listed company.
âWe anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base,â he added.
The news of the listing comes a little over a week after Amaya was named as a party in a â¬1.5bn joint bid with GVC to acquire bwin.party in its entirety.
The firm also recently reported a significant year on year increase in Q1 revenues to CA$340.7m with EBITDA up to $140.3m, driven by contributions from PokerStars and Full Tilt.