PokerStars executives, most of whom were retained by Amaya to continue operating the online poker titan, echoed this sentiment in their own press release: Working with the experienced executive team at Rational Group, Amaya will continue that tradition of excellence and accelerate growth into new markets and verticals.” Mark Scheinberg pioneered the online poker industry, building a remarkable business and earning the trust of millions of poker players by delivering the industry’s best game experiences, customer service, and online security. “This is a transformative acquisition for Amaya, strengthening our core B2B operations with a consumer online powerhouse that creates a scalable global platform for growth.

In a press release issued to announce the purchase, David Baazov, who serves as CEO of Amaya, stated the following:

In doing so, Amaya helped pave the way for PokerStars to resume operations within the United States, following the site’s abrupt departure from the American marketplace in the wake of “Black Friday” in 2011. – the parent company of PokerStars and Full Tilt Poker.Īgreeing to pay an aggregate purchase price of $4.9 billion, the publicly traded Canadian gaming firm effectively removed founders Isai Scheinberg and his son Mark Scheinberg from their roles within the PokerStars hierarchy. became the world’s largest publicly traded online gaming enterprise on June 12 th, 2014, following the company’s purchase of Rational Group Ltd.

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