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PokerStars Parent Could Receive Second Stock Exchange Listing

PokerStars Parent Could Receive Second Stock Exchange Listing

The newest York Stock Exchange is certainly one of two options for PokerStars and Amaya Gaming now. (Image: en.wikipedia.org)

It was once that the biggest internet poker room had been privately held. The massive $4.9 billion buyout of PokerStars by the Amaya Gaming Group opened up the possibility for investors to possess a bit of the poker room giant through their publicly owned parent company. Now, the head of Amaya is considering providing investors a second option to get on board with the firm.

In accordance with Amaya CEO and chairman David Baazov, the company is preparing on creating a dual listing that would bring about the firm, including PokerStars, being open to investors on a 2nd exchange.

‘There will be a dual listing,’ Baazov told the Sunday occasions recently, confirming the plan.

New York or London

Right now, Amaya is listed on the Toronto Stock Exchange, where it was traded for the past four years. But, the listing that is dual see Amaya additionally listed for trading either on the London Stock market or one of New York’s exchanges. No decision has been made on which exchange would be preferable to Amaya at this time.

London is a likely target, however. Provided the united kingdom’s central role into the on the web gambling world, it is a normal home for Amaya. In addition, most world’s largest gaming businesses are exchanged included in the gambling sub-sector there, including 888, Ladbrokes, Wil Continue reading PokerStars Parent Could Receive Second Stock Exchange Listing

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Oneidas and Cayugas Pass the Peace Pipe Over Casinos in New York State

Oneidas and Cayugas Pass the Peace Pipe Over Casinos in New York State

New York Governor Andrew Cuomo puts their John Hancock on a settlement deal between your state and a few casino that is indian (Image: RoundHouseTalkNews)

Looks like the brand New York State Indian tribes are smoking the peace pipe; the Oneida Indian Nation has said in court that it will not block a casino project by the rival Cayuga Nation, despite the technicality so it would fall within the geographic parameters of the Oneida’s casino monopoly within the area. With that move, a peaceful settlement to longstanding factional fighting could finally become truth, which may in turn net several New York State counties their share of millions from the Oneida’s existing Turning Stone Casino near Niagara Falls.

Long Battle Finally Ending

It might also see funds agreement that ended up being finalized Spring that is last by York State Governor Andrew Cuomo along side the Oneida Nation therefore the affected nyc counties finally come to fruition. a battle that is decades-long land liberties and tax concessions had created bitter battle lines between all included before the recent settlement; now the Oneidas will get exclusive rights to build casinos in 10 nyc counties, including Cayuga County, as a swap for turning over 25 percent of their slot revenues each year to their state coffers.

At issue with that deal from the Cayuga standpoint was that within those 10 counties stood Cayuga County, by which 2/3 of Continue reading Oneidas and Cayugas Pass the Peace Pipe Over Casinos in New York State

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Thailand Military Coup Provokes Mini Casino Boom in Cambodia

Thailand Military Coup Provokes Mini Casino Boom in Cambodia

The Poipet Strip: nine little casinos in a gambling no-man’s-land between the Cambodian and Thai passport control counters. (Image: scbsme.com)

While last month’s army coup in Thailand, which toppled the democratically elected government, may be a cause for concern to the international community, it’s reportedly been a huge boon to the little Cambodian gambling city of Poipet, just across the border. Poipet has for ages been a popular destination for the folks of Thailand, where gambling on anything other than domestic horseracing and the national lottery is illegal, despite a general enthusiasm among the populace.

However, this new junta that is military authoritarian crackdown on illegal gambling enterprises and gambling dens in Thailand is directing the former customers of the unfortunate establishments eagerly towards the dining table games of Poipet.

Cambodia it self has a (loosely enforced) no-gambling policy but, fortunately for everyone involved, Poipet’s casino strip, containing nine smallish casinos, is cunningly situated in some sort of gambling no-man’s-land between your Cambodian and Thai passport control counters.

Military Shut Down of Illegal Gambling

The influx stays something of a shock to the Poipet operators, however, because within the full days following the lightning link slot machine coup they reported that the quantity of people to the city had fallen considerably. At the beginning of June, managing director of Cro Continue reading Thailand Military Coup Provokes Mini Casino Boom in Cambodia