PokerStars’ moms and dad business Amaya has announced it promises to just take the name of its most child that is valuable. The online gaming company that is home to the planet’s largest poker site 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 its 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 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 financial report. Additionally revealed that the company would be relocating from Montreal to Toronto, a move which will allow it to ‘more effectively manage its business affairs.’
The business reported strong results in Q1, with overall revenue up 10 % regarding the period that is corresponding year, to $317.3 million. On the web poker now makes up about just 69 per cent regarding the organization’s revenue, in the place of 75 percent a year ago.
This shift reflected the business’s growing diversification, through its online casino operations and BetStars sports platform that is betting more so than weakness in the poker market.
‘We continued our momentum within th Continue reading