Amaya Agrees to Acquire Rational Group for $4.9 Billion

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Comments

  • jontm wrote: »
    Nope. I mean you. You were one saying Ayre doesn't know squat. You don't think this is all tied together?


    No I did not.

    Still waiting for examples of REAL online gaming companies being raided and not ones that were pretending to be online gaming but were in ILLEGAL stuff.


    Still have no idea what you are talking about in your post, but typical long weekend.
  • Maybe being a bit harsh but you wouldn't believe how frustrating it was when super affiliates gave me red flag warnings about FTP before the "crash", how I passed those warnings on to friends and then when they got burned had to share their suffering...how do you not be a dick about I told you so when you didn't want to see it happen.

    Not saying this is the same. What I am saying is that Amya is now Canadian owned, therefore Stars is. I have first hand made mistakes to piss off regulators that nearly seen things shut down do to online involvement, so I know they don't fuck around.

    It is a fact that both Canada & the USA are tightening their financial tracking laws and working together. That doesn't make online e-commerce or gaming illegal it just makes it more expensive for operators to do things legally at the end of the day, businesses don't often stay in things they can't profit at

    It is a fact that Stars has found ways to segregate players by country/state globally to establish compliance with regulators in a win win relationship. So has BWIN party and 888, etc.

    It is only speculation that this could happen here, or that they would have pull out short or long term to set up. It is a fact that if they don't, then people can ask why can't we set up our own Canadian based gambling operations?
  • Your post below & about Calvin Ayre are what jontm, Hobbes & others have disagreed with you about.

    My guess is that Amaya is negotiating with its customer Loto Quebec to try to get PokerStars/FTP to continue business-as-usual. This would be harder with a PokerStars-branded poker festival at Playground, who is killing the government-owned competition. The WSOP-C series in Quebec seems like a failure as it's not even coming back this season, while the upcoming ex-PokerStars Main Event has a guarantee of $1 million.
    philliivey wrote: »
    I knew something was up by the way pokerstars employees have been acting or not posting at all for weeks and some of the recent actions lately.
  • Don't you know.... Philli has inside info...>:D
  • BlondeFish wrote: »
    Your post below & about Calvin Ayre are what jontm, Hobbes & others have disagreed with you about.

    My guess is that Amaya is negotiating with its customer Loto Quebec to try to get PokerStars/FTP to continue business-as-usual. This would be harder with a PokerStars-branded poker festival at Playground, who is killing the government-owned competition. The WSOP-C series in Quebec seems like a failure as it's not even coming back this season, while the upcoming ex-PokerStars Main Event has a guarantee of $1 million.

    Have no idea what you all are on about still, But please stop making accusations.

    Btw Jon stated what I was getting at in one of his above posts and I have not made any new comments or posts anywhere regarding the topic so no no one is disagreeing with me.
  • compuease wrote: »
    Don't you know.... Philli has inside info...>:D


    No, I have common sense unlike everyone else on this forum.

    Don't know why I even got dragged into whatever today all of a sudden.
  • I made no accusations - except for compuease eating the last oversized ice cream sandwich! See you at the poker room at Rama or Bill's.
    philliivey wrote: »
    But please stop making accusations.
  • PokerStars set to pull out of Canada | Off Shore Gaming Association
    If the source is correct then an announcement will come from Amaya in the next month or two indicating that the company will be withdrawing from Canada on a certain date. The company will announce that Canadian players will no longer be permitted to enter any events with a prize after that time and will also announce the last date Canadians can play in any PokerStars game.
  • Well, that sucks.
  • kwsteve wrote: »
    Well, that sucks.

    I think you explained it best :/ so much I wanted to accomplish in poker is soon gone :(

    Do you guys think 888 and party will get a ton of Canadian players due to this?
  • damn I really hope that is not true. :(

    Its gunna really suck for all those guys who play at Brantford casino, who might get to see me more. ;)
  • but i have to finish my 10 challenges!
  • We'll be fine. The new technology we have creates a new option for the players/citizens when it comes to the regulation game. Cutting players out of pools does nothing now but fuel the drive for decentralized adoption. Block chain technology not only changed the monetary system but also has reformed programing. We are waiting on ethereum which is a new turing complete language that merges law, financial, and programming. https://www.ethereum.org/

    This new technology will allow people to create any sort of financial system available today in a decentralized fashion which includes poker sites.

    Bitfrog is a site anyone can play one, governments can't track the peoples or block them, and you can create any card game you want. Both ethereum and bitfrog expect to be up by around the end of the year, it'll take some time obviously to get going, but MANY groups will be using ethereum create new "sites". Its mass scale "evolution" (through rapid iteration of new projects), but we get to watch it in real time...

    www.youtube.com/watch?v=x-RmgOFvNII

    Amaya's early statements to the players assured them the Canadian market would see no changes...they are going to toast their brand and image if they weren't being truthful (and at the worst possible time).

    (doesn't seem real does it?)

    A couple other sites: http://firmcoin.com/ http://qixcoin.com/ http://certimix.com/about-us/
  • yeah I hope the future of online poker is bitcoin related payment processing, in terms of worldwide poker sites with NO country restrictions and NO taxations, that is the future.

    The key is finding the most basic user friendly and accessible method for fish and other rec players to be able to find these sites and understand how the deposit/withdraw method works.

    I myself still havnt used bitcoin. But, I understand that soon it will be the only thing left that is truly free for the consumer to not get ass raped by the exuberant taxes that Canada, and others, will try to impose. Fuck the greedy old bastards that run this world.
  • Would really like to know the source of this. Seems like pretty thin hearsay.

    It makes no logical sense that Amaya would go through everything they have and PokerStars make the statements they have only to suddenly shut out Canada. I'm still confident PokerStars will be around for a while yet.

    If the acquisition was going to force these two poker sites out of Canada, it would have happened the moment the deal was finally completed a couple of weeks ago (the day PokerStars dropped branding from Montreal Festival).
    BlondeFish wrote: »
  • Monoxide wrote: »
    yeah I hope the future of online poker is bitcoin related payment processing, in terms of worldwide poker sites with NO country restrictions and NO taxations, that is the future.

    The key is finding the most basic user friendly and accessible method for fish and other rec players to be able to find these sites and understand how the deposit/withdraw method works.

    I myself still havnt used bitcoin. But, I understand that soon it will be the only thing left that is truly free for the consumer to not get ass raped by the exuberant taxes that Canada, and others, will try to impose. Fuck the greedy old bastards that run this world.
    Id like to say it would be, and generally functuion on the extreme side in that regard (apparently) :p But more likely (or realistically), the peoples have a good option and governments will adjust as far as they can to control it, the balance between the two will still remain favorable though I think.

    You are correct about user friendliness, up until now it hasn't been the focus of the bitcoin community because there were still some potential hiccups to be worked out. But these days almost daily new projects are announced and new projects go live that are INCREDIBLY user friendly.

    U can get bitcoin on some sites within a couple minutes without even really having a wallet. You can send or receive bitcoin via text with some business models. Toronto or somewhere in the east just installed a bunch of bitcoin atms (CAVIRTEX Brings Bitcoin ATMs to Canada's Malls and Tourist Spots). It comes in waves, I had to learn (be told many times) it can't happen all at once :mad:

    I just tested a bitcoin site where you can lock your bitcoins and peg it to gold silver or USD, whichever you feel is most stable which is a key concern for many people and businesses. It took seconds to set up, and I locked some bitcoin to the USD with a click (I don't have anything significant. ) https://coinapult.com/

    https://www.youtube.com/watch?v=AxriIkGaY60
    85FastLane wrote: »
    Would really like to know the source of this. Seems like pretty thin hearsay.

    It makes no logical sense that Amaya would go through everything they have and PokerStars make the statements they have only to suddenly shut out Canada. I'm still confident PokerStars will be around for a while yet.

    If the acquisition was going to force these two poker sites out of Canada, it would have happened the moment the deal was finally completed a couple of weeks ago (the day PokerStars dropped branding from Montreal Festival).
    I agree they would just toast their image, and poker is very networked. They act like they have the players confidence but mostly cause if you bash them too hard on the main forum you'll get "asked to stop"

    And I don't see much of a guarantee they'll make it in the US market, at least not in any expedited time-frame. I have to feel like they are banking on staying in but I'm not arguing with Jontm, more just smacking my forehead hoping they aren't that mean. But ya we got options, things will just take time to work their way out.
  • jontm wrote: »
    Maybe being a bit harsh but you wouldn't believe how frustrating it was when super affiliates gave me red flag warnings about FTP before the "crash", how I passed those warnings on to friends and then when they got burned had to share their suffering...how do you not be a dick about I told you so when you didn't want to see it happen.

    Not saying this is the same. What I am saying is that Amya is now Canadian owned, therefore Stars is. I have first hand made mistakes to piss off regulators that nearly seen things shut down do to online involvement, so I know they don't fuck around.

    It is a fact that both Canada & the USA are tightening their financial tracking laws and working together. That doesn't make online e-commerce or gaming illegal it just makes it more expensive for operators to do things legally at the end of the day, businesses don't often stay in things they can't profit at

    It is a fact that Stars has found ways to segregate players by country/state globally to establish compliance with regulators in a win win relationship. So has BWIN party and 888, etc.

    It is only speculation that this could happen here, or that they would have pull out short or long term to set up. It is a fact that if they don't, then people can ask why can't we set up our own Canadian based gambling operations?
    The kids are talking about this again. I'm starting to feel Jon is bang on even more so than that long ago.

    I'll have to sift through this but it seems comprehensive and not good for stars staying in canada http://www.fasken.com/files/publication/ee12235e-9461-4818-966d-4daacef684ab/presentation/publicationattachment/a882be52-459e-4812-8e52-6d9b371b02f5/website-internetgamingpaper.pdf

    Regardless it seems online poker is going to go through a shit storm over the next 4-6 months.

    (ima grab popcorn, 3-d glasses, and a comfy chair).
  • Seems like the industry has shifted slightly...a bunch of different countries woke up to no Stars in their country it seems. So far all seem to have a sort of "non-western" theme. Not good if they truly weren't warned, especially for Canadians...
  • Hello Ozgur,

    Thank you for your email.

    You should be able to play abroad but please note that the restriction applies to the following countries:

    Malaysia, United Arab Emirates, Saudi Arabia, Bangladesh, Pakistan, Egypt, Qatar, Jordan, Kuwait, Senegal, Nigeria, Tanzania, United Republic of Bahrain, Afghanistan, Occupied Palestinian Territory, Kenya, Mozambique, Rwanda, Holy See (Vatican City)

    The following countries are also blocked and no play money games are available:

    Iran, Iraq, Syria, Zimbabwe, Libya, Sudan, North Korea, Cuba, Myanmar, Yemen.
    Implying all these countries got the boot today (or were some already blocked?)...kids are worried that its October 1st in some of these countries and "tomorrow' might be a big day for poker...

    I guess the road is getting paved for American entry?

    **************************************************

    A al Calvin Ayre website, by Steven Stradbrooke PokerStars, Full Tilt Exit Grey Markets in Amaya Makeover | Online Gambling News : CalvinAyre.com [Anonymoused]
    Online poker sites PokerStars and Full Tilt have withdrawn their services from a host of ‘grey’ markets as new owner Amaya Gaming looks to burnish Stars’ regulatory reputation ahead of its expected return to the US online gambling market. On Tuesday, poker forums began filling up with reports from players in a variety of countries, many of them in Asia, Africa and the Middle East, saying their access to the poker sites had been curtailed effective immediately.

    The affected jurisdictions reportedly include Afghanistan, Bahrain, Bangladesh, Cuba, Egypt, Iran, Iraq, Jordan, Kenya, Kuwait, Malaysia, Mozambique, Myanmar, Nigeria, North Korea, Pakistan, Qatar, Rwanda, Saudi Arabia, Senegal, Sudan, Syria, Tanzania, Turkey, United Arab Emirates, Yemen, Zimbabwe, the occupied territory of Palestine and Vatican City. (Suck it, Francis!)

    .....

    Notable by its absence from Amaya’s new list of no-go zones is its home territory of Canada. Stars has previously insisted that it has no plans to exit the Canadian market, but then again, Stars reps insisted shortly after the takeover that the site planned to stay in “all current markets,” and that ship has obviously sailed.



    Amaya is reportedly close to working out some kind of partnership with Québec’s provincial lottery corporation that would allow it to remain active in the province. However, any such deal wouldn’t apply beyond Québec’s borders and the ‘mind and management’ provisions of Canada’s Criminal Code continue to frown on Canadian-facing operators who base themselves on Canadian soil. So Canadian ‘Dear John’ letters are likely on the way sooner rather than later. One thing is for sure: the former privately held Stars is slowly being remade in Amaya’s publicly traded image.
  • Any one see a 2+2 thread on this yet?
  • jontm wrote: »
    Any one see a 2+2 thread on this yet?
    Amaya Agrees to Acquire Rational Group *See OP for PokerStars Statement* - Poker News - News, Views and Gossip

    POKERSTARS DOES NOT OFFER REAL MONEY GAMES IN YOUR AREA - Poker News - News, Views and Gossip


    I"ve been pulling the cliffs essentially from them, but in general two + two is rocked with trolls and players with nonsensical thoughts. There are a few knowledgeable ones that I try and pick through.

    Just seems obvious amaya is getting rid of any borderline countries to give it a squeaky clean entry to the US. Clearly they would have no problem dropping Canada to gain entry. This is making me think its all about the sports betting and other types of gaming they can offer. But whats interesting is they have toasted Poker Stars image, so I don't know why you buy a poker company just to do that.

    If it wasn't called "poker stars" I would say Amaya is getting out of the poker industry.

    Another article PokerStars Blocks Real Money Games in Dozens of Countries | PokerNews
  • A recent article relating to this thread:

    In the booming online poker business, Amaya will raise you billions - The Globe and Mail
    This past June, Baazov, who speaks in bursts of Internet marketing lingo–“platform-centric perspective,” “time-based entertainment value”–showed that he’s a brand-new type of player: a numbers guy who’s positioned to rule the exploding global business of online poker. Baazov stunned the industry when his small software company announced a deal to take over Rational Group Ltd., the world’s largest online poker provider and owner of the top-ranked PokerStars and Full Tilt brands, for $4.9-billion (all currency in U.S. dollars unless otherwise noted).


    Talk about big bets–big cojones, even. Amaya borrowed $3-billion to do the deal, which closed in August. Yet PokerStars and some other providers are shut out of their largest potential market: the United States. Congress clamped down on Internet gambling in 2006, and it’s by no means a sure thing that Baazov and his cohort will be able to convince lawmakers and regulators to let them back in. And then there’s this: The politically powerful bricks-and-mortar casino business is also determined to keep online interlopers from poaching its business.
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