In June, Amaya Gambling of Montreal, Canada announced plans to acquire the largest online poker room in the world — Poker Stars.
The Isle of Man-based business, operating as the Rational Group Ltd., agreed to be acquired by Amaya Gaming Group Inc. for an estimated $4.9 billion dollars.
Rational Group Ltd. Chief Executive Officer Mark Scheinberg owns a reported 75% of the company.
As mGamingWatch reported in subsequent weeks, New Jersey gaming regulators wasted no time beginning the review process of the company, which is aiming to be licensed for business in Atlantic City before year’s end.
This week, news emerged from Amaya Gaming Group that its acquisition has been completed.
“We are extremely pleased to have completed this acquisition,” Amaya CEO David Baazov said in a written statement.
Rational CEO Mark Scheinberg, who will not remain with the company from this point forward, says he is “confident that Amaya, together with Rational Group’s leadership, will continue to successfully grow the business into the future.”
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