Amaya Approved to Be Listed on Nasdaq in June

Amaya Inc. has announced that it has been approved for listing on the Nasdaq Global Select Market. The company’s shares will begin trading on the Nasdaq on June 8th under the AYA ticker symbol.

The owner of PokerStars and Full Tillt brands has already traded on the Toronto Stock Exchange since 2013 also under the AYA ticker symbol. However the Amaya Inc. believes that Nasdaq listing will provide greater visibility and better liquidity for their stock.

David Baazov said that their listing on Nasdaq is testament to the progress that the company has made over the past five years.

The Amaya is still under investigation by Autorité des Marchés Financiers so this news will probably ease investors concerns about the ongoing investigation. Amaya’s Canadian offices were raided back in December as a part of an investigation cncerning events surrounding sharp increase in company’s stock price months before the acquisition of PokerStars.

Autorité des Marchés Financiers, the securities regulatory authority in the Province of Quebec, was granted approval to seize documents and records of communications from Amaya’s Chief Executive David Baazov and chief financial officer Daniel Sebag.

The largest publicly traded online gambling company stated that they were cooperating fully with the investigation and that violation of Canadian securities laws was certainly not committed by the company. It was also emphasized that the investigation had no impact on Amaya’s business and employees.

The company is currently interested in the bwin.party and it has teamed up with GVC Holdings to create a combined bid to purchase London-listed online gambling company. Under the plans of two companies, the purchase of the bwin.party would be paid from Amaya’s cash and GVC shares.

The parent company of PokerStars and Full Tilt has recently reported a huge rise in year-on-year revenue for the first quarter of this year. Baazov announced that the company has seen continued progress in their online gambling business in the first quarter of 2015.

Before acquisition of PokerStars, Amaya was providing services and products to other businesses in the gambling industry. Amaya was founded back in 2004 and started off making software for electronic poker tables.

The global gaming giant is very proud that the company has been approved for listing on the Nasdaq Global Select Market as Nasdaq is recognized as a top-tier trading platform.