If you think Amaya Gaming, which owns PokerStarsand Full Tiltand is reportedly in talks to buy bwin.party, is going to explode in value, now is your time to cash in. This week, Amaya was green-lit for listing on the NASDAQ Global Select Market. Its shares will begin trading on June 8.
Amaya Chairman and CEO David Baazov said, “Our listing on the NASDAQ is an important milestone for Amaya and a testament to the tremendous progress we have made over our five years as a public company. We anticipate that the NASDAQ listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base.”
You can find Amaya on the NASDAQ under the symbol AYA. The company will also continue trading on the Toronto Stock Exchange under the same symbol.
Gaming Intelligence relayed, “Amaya said that its approval for trading on the Global Select Market showed that it had met ‘the highest of quantitative and qualitative listing standards, related to, among other things, financial condition, liquidity, and corporate governance practices.'”
Amaya is in the midst of partnering with GVC for an acquisition of bwin.party. Amaya and GVC are squaring off with 888for the right to buy the parent company of bwin and PartyPoker in what will likely be an industry-defining transaction.
According to PokerScout, Amaya would own almost 60% of the cash game market if it ran PokerStars, Full Tilt, and PartyPoker. Right now, it owns over 50%.
Word broke that Amaya could be seeking a listing on the NASDAQ in April.