PokerStars’ parent business Amaya has announced it intends to just take the name of its most valuable child. The online gaming business that is home to the planet’s biggest poker site will call itself ‘The Stars Group Inc.’
Amaya are going to be going to Toronto and changing its name, marking a new era in the company’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, maybe, distance itself from bad press surrounding previous chairman and CEO David Baazov, who is 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.’
The business reported strong outcomes in Q1, with general revenue up 10 percent on the period that is corresponding year, to $317.3 million. On line poker now makes up about just 69 % of this organization’s income, as opposed to 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 in the very first quarter as we perfor Continue reading “Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, sooner or later”