Amaya Gaming to seek secondary listing in London or New York, US return not a priority

7 July 2014

Amaya Gaming is set to list in either London or New York as part of its plan to realise a secondary listing, chief executive David Baazov told the Sunday Times this weekend.

The Canadian gaming group is set to acquire PokerStars and its Full Tilt Poker brand for US$4.9bn (£2.9bn), making it the leading online poker site in the world and an igaming heavyweight in terms of B2B activity.

The shareholders will vote on the deal this month and the takeover should be completed in September.

Amaya Gaming currently trades on the Toronto stock exchange, but no decision had yet been taken as to which of the two cities it would seek its secondary listing in.

David Baazov, chairman and chief executive of Amaya, told the Sunday Times that “there will be a dual listing” but added that a much-talked about return to the US market by PokerStars was not the driving force behind Amaya acquiring the Isle of Man poker site.

“Out of our top five growth initiatives, the US is number four,” he said.

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Vested interests, Stars and California (paywall)