Amaya Gaming Stock: CEO Offers $2 Billion

February 9, 2016 · Posted in Poker News · Comment 

Amaya Gaming Stock Gets an Upward Jolt

AMAYA GAMING STOCK’s David Baazov, the CEO of Amaya Gaming, the company that owns PokerStars and Full Tilt Poker, is said to be proposing to take his company back to privately held status in a huge $2 billion USD deal.

Opportunistic investors went scurrying to buy Amaya shares before the giant deal closed. Of course, when something like this happens, it drives up the price of the stock. In this case, the value of Amaya Gaming stock gained around 27%. And that jump occurred before the first minute of trading during Monday’s trading session.

CEO Offers $2 Billion in All Cash Deal

The Financial Post reports that Baazov’s offer is an all cash deal, with the intention to buy back every Amaya Gaming stock at $21 per share. Based on last Friday’s Amaya Gaming stock valuation of $14.99 USD per share, that’s a very attractive offer of a 40% premium.

Though his $2 billion USD offer may seem like quite a steep price to pay, it’s actually a really great deal for David Baazov, considering that he already owns 18% of the outstanding shares, so he’s actually trying to grab up the remaining 22% of the shares that aren’t currently under his control.

Making PokerStars and Full Tilt Again

Amaya Gaming Stock

The Final Table | Full Tilt Poker

If Mr. Baazov pulls it off, he and his partners will be in a powerful position indeed. They will be completely free of the constraints of having to keep their shareholders happy. After all these recent years of legal problems and major setbacks, taking Amaya Gaming stock back to private sector will present the owners with some breathing room.

The Big Deal Could Go Up in Smoke

Of course, the Big Caveat is that the whole deal could fall apart at in a moment. Mr. Baazov in under no legal obligation to follow through with his plan. His offer is a non-bindng one. A recent press release by the company stressed this point. David Baazov could pull out of the deal at any time.

This fact has lead much speculation, but no one knows what the real intentions are except for David Baazov and his partners.

Amaya Gaming Stock Volatility

A personal note: I’m always interested in interesting and potentially profitable stock opportunities. When I first heard this story, I looked into possibly purchasing some Amaya (AYA) shares. But upon deeper research, I backed out, due to my own speculations of what may be happening behind the scenes. One scenario that played out in my mind is that:

  • David Baazov may have made a non-binding offer simply to increase the value of Amaya Gaming stock.
  • Perhaps they are actually keen to sell the cmpany to another buyer, and he could command a steeper purchase price when the stock price is high.
  • Or perhaps he and his partners have some stock options that are vesting soon and they wish to cash out some of their shares at the higher price.

Of course, these types of insider shenanigans are against the law, but anyone who follows the financial news knows that very few of these types of illegal actions ever get prosecuted.
I don’t mean to imply that Mr. Baazov and his partners are up to shenanigans. I simply don’t trust the financial system.

To Buy Amaya Gaming Stock, or Not

So I backed out of making a purchase of Amaya Gaming stock.

I will follow up and report on this story as it continues to unfold.

In the meantime, you can look into the PokerStars Caribbean Adventure

$100,000 FullTiltPoker First Deposit Freeroll Tournament

February 25, 2014 · Posted in Full Tilt Poker · Comment 

FullTiltPoker First Deposit Freeroll Tournament

When you make your first real-money deposit on Full Tilt Poker, you will receive free entry to the exclusive $100K FullTiltPoker First Deposit Freeroll Tournament.

$100,000 First Deposit Freeroll Tournament for New Players

In addition to your free Tournament Ticket for the $100,000 First Deposit Freeroll, once you open a real-money Full Tilt Poker account and make your first deposit, you will automatically receive a 100% First Deposit Bonus.

Full Tilt Poker- Earn Cash and Points Fast Playing Rush Poker

November 29, 2010 · Posted in Poker News, Poker Online, Promotions, Rewards · Comments Off on Full Tilt Poker- Earn Cash and Points Fast Playing Rush Poker 

Full Tilt Poker and PokerStars and Now One Company

(As part of an agreement made with the US government in 2012, Full Tilt Poker has been acquired by PokerStars, which has created the world’s largest online poker site. Therefore the links in this article will point to the PokerStars website.)

Play Full Tilt Poker's Rush Poker on your mobile device

Rush Week at Full Tilt Poker

Poker players such as yourself can experience the blistering pace of the world’s fastest poker game to earn up to $250 in cash and win free entry to an exclusive $50K Rush Week Freeroll at FullTilt Poker. Running from Monday, November 29th through Sunday, December 5th. Full Tilt Poker’s Rush Week offers even more reasons to play Rush Poker.

By earning as little as ten Full Tilt Points a day playing Rush Poker ring games, Sit & Gos, and tournaments during Rush Week, online poker players can earn extra cash, up to $250. In addition, all Rush Poker Tournament and Sit & Go final table players will receive entry into the exclusive $50K Rush Week Freeroll. Full Tilt Poker always creates many opportunities for their players to keep coming back for more, and Rush Poker is just another example. Now that Full Tilt Poker is owned by PokerStars, making PokerStars the world’s biggest online poker room, I think we can keep on expecting great promotional offers coming our way.

All guarantee Rush Poker Tournaments will have their guarantees doubled for the duration of Rush Week, while the $80K Guarantee, on Saturday, and the Sunday Brawl will be converted to Rush Poker Tournaments.

Rush Poker Mobile is an Android-based application that uses Flash, so if you have an Apple product like an iPhone, you’re temporarily out of luck. There are currently around two dozen supported devices listed on Full Tilt Poker’s website with brands including Motorola, Acer, AT&T, Samsung, Sprint, and T-Mobile. Check the Full Tilt site for updates.

Get into Rush Week and get yourself back at the felt. Rush Poker enables you to earn Full Tilt Points faster than any other game.

Full Tilt Poker Tournaments Listings

December 22, 2009 · Posted in Full Tilt Poker, Poker Online, Poker Tournaments · Comment 

You can use the following widget to help find a wide variety of daily and weekly tournaments on the Full Tilt Poker website, and to keep up-to-date on special tournaments that you may have otherwise missed. It’s a handy and useful tool. Give it a try.

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