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Amaya Stock Increases Due to the Rational Group Deal

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Earlier on in the week, we informed you that the Amaya Group had purchased The Rational Group for a mouth-dropping $4.9 Billion.

Since the deal was announced by Amaya Gaming last week, they have seen their shares grown by an astonishing 42%, with an amazing five times the normal amount of shares being traded over a week. All eyes will be on the Toronto stock market on Monday to see how their shares progress.

The main reason for the increase in price, is that Amaya Gaming are planning on bringing Full Tilt Poker and Pokerstars back to the American market after The Rational Group received a two year ban. New Jersey has already said that they are willing to lift the ban in their state, if their online gambling license requirements are met.

 

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by Kelly Kelly

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