Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, Eventually

PokerStars’ parent business Amaya has announced it intends to take the name of its most valuable child. The online gaming company that’s home to the world’s poker site that is largest will call itself ‘The Stars Group Inc.’

Amaya are going to Toronto and changing its name, marking a brand new era in the organization’s history, one with distance from the beleaguered founder and former chairman and CEO David Baazov.

The move seeks to capitalize on the brand recognition of its most famous asset, and, possibly, distance itself from bad press surrounding previous chairman and CEO David Baazov, that is embroiled in legal troubles.

News regarding the impending name-change was announced as Amaya delivered its Q1 report that is financial. It revealed that the company would be relocating from Montreal to Toronto, a move that may let it ‘more efficiently manage its business affairs.’

Rising Tides

The company reported strong results in Q1, with overall revenue up 10 percent in the matching duration final year, to $317.3 million. Online poker now accounts for just 69 % of the company’s revenue, as opposed to 75 percent an ago year.

This shift reflected the company’s growing diversification, through its online casino operations and BetStars sports betting platform, more so than weakness in the poker market.

‘We continued our momentum within the quarter that is first we execute on our strategy and reinforce t

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Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

An aggressive $1 million advertising campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is wanting to block legislation in Pennsylvania that would allow movie video gaming terminals (VGTs) in vehicle stops, restaurants, bars, and off-track betting facilities.

Billionaire casino magnate Sheldon Adelson is funding a combined team to fight proposed legislation that threatens his hold on gambling task within the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the battle against House Bill 1010, which would permit certain establishments to install VGTs offering real-money blackjack, poker, along with other casino games.

You can find presently nearly 27,000 VGTs in Pennsylvania, every one of them in the state’s 12 casinos. If HB 1010 passes, the number could more than double.

John Cunnane, a Wall Street gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that this kind of expansion of VGTs and authorized locations that are VGT could harm founded gaming facilities.

‘That’s a number that is insane of, and we’ve heard of impact that’s had on gambling enterprises in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus from casinos, but they shall have the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon offered $1 million to Pennsylvanians For accountable federal Government (PRG), a newly create

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Tough Rock Atlantic City Targets Memorial 2018 Opening day

Complex Rock Atlantic City will reopen to guests next Memorial Day week-end should the business’s $500 million renovation stay on schedule.

Once the former Trump Taj Mahal opens as Hard Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.

That is according to company officials who say the facelift will transform the Trump that is former Taj property right into a rock ‘n’ roll-themed casino resort.

Hard Rock, owned by the Seminole Tribe of Florida, purchased the shuttered Taj Mahal in March for simply $50 million, pennies on the dollar compared to what President Donald Trump paid to build the resort in the 1980s that are late. The previous estate that is real and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk location.

Appearing prior to the Casino Reinvestment Development Authority (CRDA), tricky Rock Global Senior VP of Design and Construction Joe Emanuele unveiled, ‘We hope to start demolition by next month and construction that is full August.’

Upping the Ante

Hard Rock had initially planned to spend $300 million refreshing the Taj, but upon further inspection, realized more capital was required to rid the Indian-themed décor.

‘The amount of money we will have to spend to remove dozens of minarets and all that purple,’ Hard Rock Chairman Jim Allen stated month that is last. ‘Jesus! What were we thinking?’

Set on 17 acres between

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