Amaya Gaming is a Canadian based gambling firm that recently has been in gambling related news. Two months ago Amaya Gaming purchased PokerStars & Full Tilt Poker from The Rational Group. This cost Amaya Gaming a total of $4.9 Billion as these are two of the largest poker firms known to the online gambling market. Amaya Gaming also just revealed their second quarter financial results and the results have dazzled industry insiders. Their revenues have actually increased by eleven percent compared to this time last year, this is all thanks to their recent purchasing of PokerStars & Full Tilt Poker.
Amaya Gaming also revealed that they would be rebranding Full Tilt Poker in the upcoming months. Amaya Gaming is doing this by changing the name from Full Tilt Poker to Full Tilt Gaming, changing the design of the website and the poker tables as well. Amaya is doing this with hopes that it’ll allow for Full Tilt Poker to once again grow to the popular communality that is once was. Due to the rational group acting in an unprofessional manner FTP has lost a portion of their revenues. Rebranding the poker hall will allow for those revenues to increase once again.
Commenting on his company’s performance Amaya CEO David Baazov said, “The second quarter was a transformative period for Amaya as we announced and completed well ahead of schedule our acquisition of PokerStars and Full Tilt Poker, which collectively hold a healthy majority of the market share in online poker. Led by its highly experienced management team, Rational Group provides Amaya with a strong platform for growth in revenues and profitability and will be significantly accretive to our earnings.”