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Bulgaria has been actively banning online gaming operators lately with 150 making the naughty list for targeting Bulgarian traffic without an official license. Bet365 have made their move to operate legally in Bulgaria by applying for a license which will give them freedom to actively target Bulgarian punters.
They are hoping to follow fellow giants of the online gaming world Betfair and Pokerstars who are amongst a select few to receive the license legally allowing them to operate in the jurisdiction.
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The transaction will result in Amaya becoming the world’s largest publicly-traded online gaming company. The online poker platforms PokerStars and Full Tilt Poker are collectively the world’s most popular and profitable online poker brands with more than 85 million registered players on desktop and mobile devices.
PokerStars and Full Tilt Poker collectively form the largest poker business in the world, comprising online poker games and tournaments, live poker competitions and poker programming created for television and online audiences. In addition to operating two of the largest online poker sites where it has dealt more than 100 billion poker hands and held over 800 million online tournaments, the group is the largest producer of live poker events around the world.
“This is a transformative acquisition for Amaya, strengthening our core B2B operations with a consumer online powerhouse that creates a scalable global platform for growth,” said David Baazov, Amaya CEO. “Mark Scheinberg pioneered the online poker industry, building a remarkable business and earning the trust of millions of poker players by delivering the industry’s best game experiences, customer service and online security.”
The management team of PokerStars and Full Tilt Poker will remain in place and continue in their current roles. Players should be unaffected by this purchase. Mark Scheinberg who took over the CEO role from his father Isai, believes the transition to new ownership should be a smooth one given the quality of staff who will stay on to run the show.
“I am incredibly proud of the business Isai and I have built over the last 14 years, creating the world’s biggest poker company and a leader in the iGaming space,” said Scheinberg. “Our achievements and this transaction are an affirmation of the hard work, expertise and dedication of our staff, which I am confident will continue to drive the company’s success. The values and integrity which have shaped this company are deeply ingrained in its DNA.”
Amaya provides a full suite of gaming products and services including casino, poker, sportsbook, platform, lotteries and electronic gaming machines and game systems. The company supplies online casino games to multiple Atlantic City casinos permitted to provide real money online gaming in New Jersey, the most recent and thus far largest U.S. state to regulate iGaming.
Amaya plans to use their existing casino products to build on the non-poker games offered under the Full Tilt brand. The company had previously acquired OnGame and Cryptologic.
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