Loto-Québec and Amaya Set to Link Up for Poker

Published Sunday, September 21, 2014 - Online-Casinos.com
Loto-Québec and Amaya Set to Link Up for Poker

The online gambling industry in Canada has been growing in ways never imagined just a few years ago. The Amaya Gaming Group Inc. headquartered in Montreal Quebec which acquired Full Tilt Poker and PokersStars among other properties has been rapidly expanding and has announced it will be added to the S&P/TSX Composite Index, effective on the market opening Monday, September 22, 2014. The Company joins Canada’s other leading corporations on the approximately 250-company index, which represents the largest businesses on the Toronto Stock Exchange. The S&P/TSX Composite is the headline index for the Canadian equity market.

Last June Loto-Québec revealed it was holding discussions about entering into a “contractual agreement” with PokerStars, just a week after the online poker giant was acquired by Amaya. Amaya’s head of investor relations Tim Foran, told La Presse that the company had a “longstanding relationship” with Loto-Québec and was “studying how we can deepen this collaboration to the benefit of Quebec and Canadian players.”

It was suggested that Amaya may be plannning to link PokerStars’ software to the fledgling Canadian Poker Network, which shares poker liquidity with the rest of Canada’s provincial monopoly online gambling sites. The serious questions that have come about include whether or not Canadian poker players will be able to access the PokerStars’ international player’s pool.

Loto-Québec is waiting for the release of the findings of a report into Quebec’s online gambling market that was commissioned four years ago. A preliminary version of the report has been submitted to the government but won’t be made public until later this month. During the past few months Loto-Québec has been suggesting that it will pursue a liberalization process similar to that in Europe that would bestow official government blessing on some private sector operators. Québec’s Finance Minister Carlos Leitao told a parliamentary committee that a PokerStars partnership would “open a new door” and allow Loto-Québec to increase its market share on the international front.

 

 

 

 

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