Topic: How To Invest

Hi, Pat: Can I have your recommendation on Amaya Gaming Group? Thanks.

Article Excerpt

target=”_blank”Amaya Gaming Group, $31.00, symbol AYA on Toronto (Shares outstanding: 129.3 million; Market cap: $4.0 billion; www.amayagaming.com), provides a range of gaming products and services, including casino games, poker, sports betting, player-management software, lotteries and slot machines. The company offers physical products, as well as gaming software and mobile apps. Amaya’s clients are among the world’s largest gaming operators and casinos. The company owns the Ongame network, which connects poker players around the world, including in Canada. More than two dozen websites use Ongame for their poker rooms, most notably partypoker.net. Other subsidiaries include Chartwell Technology, a Calgary firm that develops online casino software for customers like Betfair and Bwin, and CryptoLogic, which provides online poker and casino-game software. CryptoLogic licensees include U.K. bookmaker William Hill and, more recently, Playboy Gaming, an online service that Amaya also manages. Amaya has moved up from just under $6 since April of this year on its huge $4.9-billion acquisition of Rational Group, which owns PokerStars, the world’s…