Amaya receives approval for Nasdaq listing

Amaya Gaming Inc has confirmed that it has been approved listing on the Nasdaq Stock Market LLC

The operating company of PokerStars and Full Tilt igaming brands stated that it expects trading to commence on June 8, 2015 under the symbol “AYA“. The Corporation’s common shares will also continue trading on the Toronto Stock Exchange under the symbol AYA.

“Our listing on the 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,” said Amaya’s Chairman and CEO, David Baazov.

“We anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base.”

The Nasdaq Global Select Market is Nasdaq’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.

Reporting on its first ever annual performance after acquiring poker operators PokerStars and Full Tilt from Rational Group, Amaya Gaming recorded increased corporate revenues of CAD $688 million up 371% from 2013 CAD $145 million (pre PokerStars & Full Tilt acquisition).

Amaya Gaming began 2015 by selling its Chartwell and Cryptologic B2B software divisions to NYX Gaming Group for C$150m (US $119m), capping off the Canadian gaming firm’s strategy of ridding itself of its B2B operations.