Forbes reported that Canadian police and financial investigators surprised Amaya Gaming at its Montreal headquarters.
There hasn’t been details of the visit released; however there is speculation that the investigation was focused on insider trading. There was a great interest in Amaya stock prior to the takeover which has led some to believe that this prompted an investigation.
Amaya issued a statement denying any wrongdoing but did confirm that the visit was related to its recent Rational Group acquisition and has not affected operations.
jade
9 years ago
It is no surprise that Amaya is being investigated. Their recent acquisition of Rational Group, better known as PokerStars and Full Tilt Poker makes Amaya the world's largest publicly-traded online gaming company. For sure they are going to think that somebody would be doing some insider trading. This whole industry is...
It is no surprise that Amaya is being investigated. Their recent acquisition of Rational Group, better known as PokerStars and Full Tilt Poker makes Amaya the world's largest publicly-traded online gaming company. For sure they are going to think that somebody would be doing some insider trading. This whole industry is just beginning its way up. Big money movers and shakers like these guys are not going to play with some insider trading crap unless they have lost their minds.
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