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Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, sooner or later

Monday, March 16th, 2020

Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, sooner or later

PokerStars’ parent business Amaya has announced it promises to take the name of its most child that is valuable. The online gaming business that is home to the entire world’s poker site that is largest will call itself ‘The Stars Group Inc.’

Amaya is moving to Toronto and changing its name, marking an era that is new the organization’s history, one with distance from its beleaguered founder and former president and CEO David Baazov.

The move seeks to capitalize on the brand recognition of its most asset that is famous and, perhaps, distance itself from bad press surrounding former president and CEO David Baazov, that is embroiled in legal troubles.

News regarding the impending name-change was announced as Amaya delivered its Q1 report that is financial. Additionally unveiled that the ongoing company would be relocating from Montreal to Toronto, a move which will let it ‘more efficiently manage its business affairs.’

Rising Tides

The company reported strong outcomes in Q1, with general revenue up 10 percent in the period that is corresponding year, to $317.3 million. On line poker now makes up about just 69 % of this business’s revenue, instead of 75 percent an ago year.

This shift reflected the business’s growing diversification, through its online casino operations and BetStars sports betting platform, more so than weakness in the poker market.

‘We continued our momentum in the quarter that (more…)