Amaya to Buy 5% of its Own Shares and Focus on PokerStars and Full Tilt Amaya to Buy 5% of its Own Shares and Focus on PokerStars and Full Tilt
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Key Takeaways
  • Amaya has announced plans to buy back up to 5% of its own shares over the next year, and focus its strategy on a business to consumer (B2C) model.
  • Amaya is apparently confident that its future cash flows can easily handle the payments on the loans it took on to buy PokerStars and Full Tilt.
  • The announcement was accompanied by a trading statement explaining that Amaya intends to “explore various strategic opportunities to divest its other B2B assets

Amaya has announced plans to buy back up to 5% of its own shares over the next year, and focus its strategy on a business to consumer (B2C) model.