Amaya's common shares to commence trading on The Nasdaq Global Select Market on June 8, 2015
MONTREAL, May 27, 2015 /CNW/ - Amaya Inc. ("Amaya" or the "Corporation") (TSX: AYA), the world's largest publicly traded online gaming company and owner of the PokerStars and Full Tilt brands, announced today that The Nasdaq Stock Market LLC (the "Nasdaq") approved the listing of its common shares on The Nasdaq Global Select Market and 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.
Amaya is a leading provider of technology-based solutions, products and services in the global gaming and interactive entertainment industries. Amaya owns gaming and related consumer businesses and brands including PokerStars, Full Tilt, the European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour and the Asia Pacific Poker Tour. These brands collectively form the largest poker business in the world, comprising online poker games and tournaments, live poker competitions, branded poker rooms in popular casinos in major cities around the world, and poker programming created for television and online audiences. PokerStars is the world's most popular and successful online poker brand. Amaya also provides B2B interactive and land-based gaming solutions to the regulated gaming industry.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Corporation expects, believes or anticipates will or may occur in the future are "forward-looking statements" within the meaning of applicable securities laws. These statements are based on certain assumptions and estimations made by the Corporation and based on management's experience, expectations and perceptions as well as other factors believed to be appropriate and reasonable at this time. Forward-looking statements are not guarantees of performance or the occurrence of any event. Although the Corporation and management believe the expectations reflected in such forward-looking statements are reasonable and are based on reasonable assumptions and estimates, there can be no assurance that these assumptions or estimates are accurate or that any of these expectations will prove accurate. Forward-looking statements are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual events to differ materially from those expressed or implied in such statements. Applicable risks and uncertainties include, but are not limited to, those identified under the heading "Risk Factors and Uncertainties" in Amaya's Annual Information Form for the year ended December 31, 2014 and in its Management's Discussion and Analysis for the period ended March 31, 2015, each as filed on SEDAR at www.sedar.com, and in other filings that Amaya has made and may make with applicable securities authorities in the future. Investors are cautioned not to put undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Corporation undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE Amaya Inc.