Huge financial growth for Amaya Gaming
A Brief Overview of Amaya Gaming
Canadian based Amaya Gaming is one of the leading providers of technology based services, products and solutions. The company provides to gaming and interactive entertainment industries around the world. The business to consumer operation is focused on operating, acquiring and developing any interactive technology based resources that already exist or are new to the gaming industry and show the potential for huge financial growth for Amaya Gaming.
Amaya Gaming holds various gaming licences and gaming related licences and authorizations that have been issued from gaming authorities around the world. These include those from the United Kingdom, Denmark, Bulgaria, France, Spain, Italy, the Ilse of Man, Malta and the Canadian Province of Quebec and more recently from the State of New Jersey in the United States of America. In the last quarter 84% of Amaya’s revenues came from Europe while America brought in 9%. Other countries around the world collectively brought in 7% of revenues for Amaya.
The State of New Jersey’s Approval
The recent licencing approval of the New Jersey Division of Gaming Enforcement to allow Amaya Gaming to operate both PokerStars and Full Tilt in the State of New Jersey has seen huge financial growth for Amaya Gaming. Amaya’s company stock rose by 25% within the first twenty four hours of receiving the licencing approval and analysts have since predicted that the share prices may double within the next few years. This has led Amaya Gaming to set their sights on licencing approvals for other American states like the states of California and Pennsylvania.
The New Jersey gaming regulators have strict regulations and follow stringent enforcement when it comes to gaming operations which saw an exhaustive and comprehensive review of both PokerStars and Full Tilt. The results found Amaya Gaming to be a strong, reliable and ethical provider.
Financial Growth Seen for Amaya Gaming
There has also been a huge financial growth for Amya Gaming over the last few years, most notably since acquiring the PokerStars and Full Tint brands. Both of these brands provide distinctive online gaming platforms. The two brands are at the top of their game and collectively hold the majority of the global market share. PokerStars launched in 2001 and has since been known as the world’s biggest real money online poker site.
Amaya Gaming and the Rational Group
The subsidiaries of Amaya Group Holdings, known collectively as the Rational Group, were acquired on the 1st of August 2014 and brought about huge financial growth for Amaya Gaming. The Rational Group, which operates globally from its base in the Ilse of Man, owns and operates a number of interactive gaming entertainment brands and businesses. These include PokerStars, Full Tilt, Tour PokerStars, Caribbean Adventure, European Poker, Latin American Poker Tour and the Asian Pacific Poker Tour.
The aforementioned brands collectively form part of the world’s largest poker industry and consists of online poker games, online tournaments, live poker tournaments, the branded poker rooms found at popular casinos worldwide and poker shows developed for both television and online markets. In order to increase the huge financial growth for Amaya Gaming they have begun pursuing other casino and sportsbook portals.