Nasdaq listing will ease investor concerns about an ongoing investigation into Amaya by the Quebec financial regulator.
Amaya Inc has been approved for listing on the Nasdaq Global Select Market and expects to begin trading on 8 under the AYA ticker symbol, the company announced this week june.
The group has exchanged in the Toronto Stock exchange since 2013, but Amaya feels that the Nasdaq listing will express a step up into the big leagues, befitting its newfound status as a international gaming giant.
It will also help to assuage concerns about an ongoing research by the Montreal financial regulator, Autorité des Marchés Financiers (AMF).
Amaya’s share costs took a temporary hit when its Canadian offices were raided in December included in a probe into so-called improper conduct in the lead up to the business’s $4.9 billion takeover of PokerStars.
Into the weeks before the acquisition announcement the company’s share price almost doubled, causing suspicions https://myfreepokies.com of insider trading.
Based on search warrants and affidavits released from the book ban by way of a Quebec judge, the AMF was granted approval to confiscate computers and electronic security products from three staff members whose names have actually been redacted through the document.
Amaya has emphasized that it is cooperating fully with the investigation and so it fully expects to be cleared of any wrongdoing.
‘The company is con Leggi tutto “Amaya Inc Approved For Nasdaq Exchange Detailing”
The Golden Nugget has seen huge gains in its online gambling operations over the past year.
New Jersey’s online gambling market continues to develop, helping bolster the remaining eight gambling enterprises still running in Atlantic City.
But while the general numbers are positive, not all games and casinos are sharing equally within the fortune that is good.
Based on the nj-new Jersey Department of Gaming Enforcement (DGE), on line gambling revenues were up to $12.47 million in May.
That represents a rise in excess of 19 percent over last might, when the sites introduced just $10.47 million.
Online Casinos Up, Poker Down
But that growth has been fueled almost entirely by online casinos. In contrast, online poker spaces are struggling. Internet poker brought in slightly below $1.93 million in might, down from $2.27 million in identical month last year.
That figure marks the second-lowest monthly revenue for online poker in nj, with only last November trailing the most recent month.
Once responsible for the quarter or more of online gambling profits in nj-new jersey, poker is now no more than 15 percent of the market.
The 888/World Series of Poker partnership felt most of the damage on the poker side of things. The $831,799 they brought in through their Internet poker partnership had been an all-time minimum, while their only competitor in the state, Borgata/partypoker, held fairly steady.
Holding constant was a theme for Leggi tutto “Nj-new Jersey Casinos See Online And Live Gains In May”