Amaya Appeals $870 Million Kentucky Court Ruling
Key Takeaways
  • In November, a judge in a Kentucky trial court levied a judgement of approximately $290 million against Amaya for the recovery of losses incurred by Kentucky players at PokerStars between 2006 and 2011.
  • After reconsidering his judgement, on December 23 the judge trebled the award to around $870 million excluding interest and costs.
  • On December 24, Amaya announced that it would appeal the decision and “avail itself of any and all remedies available to it.”
  • The court ruling was a blow for Amaya shareholders who put further downwards pressure on the company’s share price. The value of Amaya has now fallen by over 50% since late June 2015.

In November, a judge in a Kentucky trial court levied a judgement of approximately $290 million against Amaya for the recovery of losses incurred by Kentucky players at PokerStars between 2006 and 2011. After reconsidering his judgement, on December 23 the judge trebled the award to around $870 million excluding interest and costs.

On December 24, Amaya announced that it would appeal the decision and “avail itself of any and all remedies available to it.”