Post by
pennylane101 on Nov 12, 2015 10:07am
Ban on Online Poker?
What happened to Pokerstars? They were bought out by Amaya Inc an online gambling company that trades on the Toronto stock exchange under the symbol AYA. Last time I checked the share price is $18 per share.
Comment by
pennylane101 on Nov 12, 2015 10:34am
The deal to acquire Pokerstars was $4.9 billion. That's a lot of zeros for a company that was brought to its knees by the justice department.
Comment by
PrivateEquity1 on Nov 12, 2015 11:54am
It is a good point. Poker does have the more global appeal than DFS but an analogy can be made. When DFS markets the game more globally as opposed to mostly focusing on American sports then the US becomes less relevant. They do PGA and Soccer but to a small degree at this time. All this will take some time though.