Online Gambling Giant Amaya Now On NASDAQ

Published Saturday, June 13, 2015 -
Online Gambling Giant Amaya Now On NASDAQ

When the stock market accepts a company as being worthy of trading it definitely builds confidence. It is not that the little company from Montreal Canada Amaya needs any more confidence which has been evident over the last year and Amaya’s striking moves to further the firm’s online gambling ambitions.

The June 8th launch of Amaya on the National Association of Securities Dealers Automated Quotation (NASDAQ) exchange is a step forward for an online gambling enterprise that is surpassing most expectations and is setting its sights on the USA which as everyone knows has massive financial potential but is relatively risky after all the internet betting industry in the USA has an interesting history.

Amaya company CEO David Baazov called this an "important milestone" this indicates the significant progress the firm has accomplished since it was listing on the Toronto Stocks Exchange five years ago. Baazov commented on the event prior to Amaya’s listing on Nasdaq.  "We anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base."

Unfortunately the poker players who were anticipating a surge in Amaya shares were not impressed with the results with a decline in the value of its common shares on the Nasdaq trading floor and a dip on the Toronto Exchange as well.

The dark cloud above the financial dealing associated with the takeover of the Rational Group and possible irregularities in the process could be the reason behind the lack of luster in the trading. The verdict on this issue has far reaching consequences for Amaya as it does effect confidence in the company ability to move forward.

Amaya has been a playing a winning hand so far and hopefully its fortunes won’t be diluted by any wrong doing dug up by authorities who seem determined to make sure Amaya and its companion companies are squeaky clean.


Related news

Return to Latest News