On Air The Morning Show Marc Tyley | 9:30am - Noon

PokerStars boss talks payment terms

Amaya to complete acquisition in near future

Amaya will finalise its acquisition of PokerStars under slightly altered terms, bosses have revealed.

The Canadian gambling group began its takeover in 2014 - from previous shareholders Isai and Mark Scheinberg - for a record $4.9 billion (£3.93 bn).

A majority share was paid upon closure, with the remainder deferred for payment over several years.

Amaya was due to pay the Scheinberg family a further $400 million on 1 February, 2017, but paid off half of that last year; in turn saving $2.5 million in interest.

Keen to avoid 'unwanted equity', the group has now requested a revised payment schedule, set to be ironed out in the coming months.

Vice President of Corporate Communications Eric Hollreiser said it made 'good business sense', and told Manx Radio he was optimistic for PokerStars' future:

More from Isle of Man Business