Amaya Acquires PokerStars and Full Tilt Poker for $4.9 Billion

09/06/2014
By Tommie ClarkGoogle
Oldford Group was the parent company of Rational Group which was the owner of both of the hugely successful online poker brands.

Both PokerStars and Full Tilt Poker are also heavily involved in multiple live poker tours such as the European Poker Tour, which has also been acquired by Amaya.

The deal was worth a mind blowing $4.9 billion of which the full financial details are listed below.  The majority of the deal has involved loans spread over as many as eight years and shares in the company.

Financial Details
·         Convertible preferred shares totaling $1.05 billion. Around $600 million of this has been subscribed by both funds and accounts that were managed by GSO Capital Partners and their affiliates.
 
·         Subscription Receipts totaling $640 million with each receipt representing $20. These receipts were automatically converted into common shares once the acquisition had been closed.
 
·         $55 million in common shares purchased by GSO Capital Partners at $20 per share.
 
·         Loans totaling $2.92 billion secured from Libor. There were four separate loans of $1.75 billion secured over seven years, €200million secured over seven years, $100 million loan secured over five years and a $800 million loan secured over eight years.
 
·         Around $213 million in cash that was at hand at the time of the sale. This also includes the $50 million deposit placed back in June of this year.



Amaya Gaming Group Inc is one of the world’s largest suppliers of online gaming products and services from everything like casinos, poker to lotteries. This acquisition is sure to prove a successful one and will sit nicely alongside their many online casinos that are known to offer a variety of casino bonus codes.

Full Tilt Poker itself has been going down the route of casino games and has even lately seen its domain change from FullTiltPoker.com to that of FullTilt.com. The removal of poker from that domain heavily suggests that the site is now moving away from being solely committed to poker but other casino games too. Time will tell if Full Tilt Poker will be offering any casino bonus codes, though we do heavily expect it.

PokerStars on the other hand is committed purely to poker and is the world’s leading online poker site. It has seen more than 100 billion hands played since its conception and has seen more than 800 million online poker tournaments played on the site.


Share |

Related News:

Latest News:

abonnieren Kostenlose
Geben Sie Ihre Daten fur EXKLUSIV No Deposit Casino Bonus-Updates direkt an Ihre E-Mail

Top 10 Online Casinos

Rank Casino Logo Casino Casino Review
1
Slots of Vegas
Play
Review
2
Lucky Red
Play
Review
3
Aladdin's Gold
Play
Review
4
Win A Day
Play
Review
5
Slotland
Play
Review
6
Cool Cat
Play
Review
7
Prism
Play
Review
8
High Noon
Play
Review
9
Sloto' Cash
Play
Review
10
Club World Casino
Play
Review