{"id":29152,"date":"2015-05-28T14:32:56","date_gmt":"2015-05-28T21:32:56","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=29152"},"modified":"2015-05-28T14:33:16","modified_gmt":"2015-05-28T21:33:16","slug":"amaya-inc-approved-for-nasdaq-exchange-listing","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/","title":{"rendered":"Amaya Inc Approved For Nasdaq Exchange Listing"},"content":{"rendered":"<figure id=\"attachment_29153\" aria-describedby=\"caption-attachment-29153\" data-style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-29153\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/amaya_13.jpg\" alt=\"Amaya logo, Nasdaq listing\" width=\"300\" height=\"250\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/amaya_13.jpg 300w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/amaya_13-142x118.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/amaya_13-132x110.jpg 132w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption  id=\"caption-attachment-29153\"class=\"text-description\">Nasdaq listing will ease investor concerns about an ongoing investigation into Amaya by the Quebec financial regulator. (Image:Amaya.com)<\/figcaption><\/figure>\n<p>Amaya Inc has been approved for listing on the Nasdaq Global Select Market and expects to begin trading on June 8 under the AYA ticker symbol, the company announced this week.<\/p>\n<p>The group has traded on the Toronto Stock exchange since 2013, but Amaya feels that the Nasdaq listing will represent a step up into the big leagues, befitting its newfound status as a global gaming giant.<\/p>\n<p>It will also help to assuage concerns about an ongoing investigation by the Montreal financial regulator, Autorit\u00e9 des March\u00e9s Financiers (AMF).<\/p>\n<p>Amaya\u2019s share prices took a temporary hit when its Canadian offices were raided in December as part of a probe into alleged improper conduct in the lead up to the company\u2019s $4.9 billion takeover of PokerStars.<\/p>\n<p>In the weeks prior to the acquisition announcement the company\u2019s share price almost doubled, leading to suspicions of insider trading.<\/p>\n<h2><b>Financial Investigation<\/b><\/h2>\n<p>According to search warrants and affidavits released from a publication ban by a Quebec judge, the AMF was granted approval to confiscate computers and electronic security devices from three staff members whose names have been redacted from the document.<\/p>\n<p>Amaya has emphasized that it is cooperating fully with the investigation and that it fully expects to be cleared of any wrongdoing.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>\u201cThe company is confident that at the end of the investigation the AMF will come to the same conclusion as Amaya has; that if there were violations of Canadian securities laws, they were not committed by the Company, officers or directors,\u201d it said in an official statement recently.<\/strong><\/p><\/blockquote>\n<p>Court documents reveal that AMF was interested in 20 individuals variously employed at Amaya, Manulife Securities Inc and Canaccord Genuity Corp.<\/p>\n<p>The latter two companies facilitated the deal between Amaya and the Oldford Group, the parent company of the Rational Group, which owns <a href=\"https:\/\/www.casino.org\/news\/pokerstars-comes-back-to-life-with-amaya-gaming-buyout\" target=\"_blank\">PokerStars<\/a>.<\/p>\n<p>It is believed the AMF launched its investigation after being contacted by whistle-blowers.<\/p>\n<h2><b>Nasdaq Listing a Vindication<\/b><\/h2>\n<p>\u201cThe Nasdaq Global Select Market is Nasdaq&#8217;s top-tier trading platform, designed for public companies that meet the highest of quantitative and qualitative listing standards, related to, among other things, financial condition, liquidity and corporate governance practices,\u201d emphasized the company this week.<\/p>\n<p>\u201cOur listing on Nasdaq is an important milestone for Amaya and a testament to the tremendous progress we have made over our five years as a public company,\u201d added Amaya chairman and chief executive officer <a href=\"https:\/\/www.casino.org\/news\/amaya-ceo-david-baazov-new-jersey-next-for-pokerstars\" target=\"_blank\">David Baazov<\/a>. \u201cWe anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base.\u201d<\/p>\n<p>Amaya recently released Q1 figures of CAD$340.1 million ($283.5 million), representing a 2,549 percent increase on revenues from Q1 2014.<\/p>\n<p>The vast majority of this revenue has from PokerStars.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amaya Inc has been approved for listing on the Nasdaq Global Select Market and expects to begin trading on June 8 under the AYA ticker symbol, the company announced this week. The group has traded on the Toronto Stock exchange since 2013, but Amaya feels that the Nasdaq listing will represent a step up into [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":29153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amaya Approved for Nasdaq<\/title>\n<meta name=\"description\" content=\"Amaya Inc has been approved for listing on the Nasdaq Global Select Market and expects to begin trading on June 8 under the AYA ticker symbol, the company\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amaya Approved for Nasdaq\" \/>\n<meta property=\"og:description\" content=\"Amaya Inc has been approved for listing on the Nasdaq Global Select Market and expects to begin trading on June 8 under the AYA ticker symbol, the company\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-28T21:32:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-05-28T21:33:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/amaya_13.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/\",\"url\":\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/\",\"name\":\"Amaya Approved for Nasdaq\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/amaya_13.jpg\",\"datePublished\":\"2015-05-28T21:32:56+00:00\",\"dateModified\":\"2015-05-28T21:33:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Amaya Inc has been approved for listing on the Nasdaq Global Select Market and expects to begin trading on June 8 under the AYA ticker symbol, the company\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/amaya-inc-approved-for-nasdaq-exchange-listing\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/amaya_13.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/amaya_13.jpg\",\"width\":300,\"height\":250,\"caption\":\"Nasdaq listing will ease investor concerns about a ongoing investigation into Amaya by the Quebec financial regulator. 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