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Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, ultimately

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

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

The move seeks to capitalize regarding the brand recognition of its most asset that is famous and, perhaps, distance itself from bad press surrounding previous chairman and CEO David Baazov, who’s embroiled in legal troubles.

Information of the impending name-change was announced as Amaya delivered its Q1 report that is financial. It unveiled that the company would be relocating from Montreal to Toronto, a move that will allow it to ‘more efficiently manage its business affairs.’

Rising Tides

The company reported strong outcomes in Q1, with general revenue up 10 % in the matching duration final year, to $317.3 million. On the web poker now makes up just 69 per cent for the company’s income, in place 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 is first we execute on our s Continue reading