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Amaya to Acquire PokerStars and Full Tilt for $4.9 Billion

Huge acquisition leading to shake up in US online gaming market.In the late hours on Thursday June 12, Rational and Amaya Gaming Group publicly announced that they would agree to terms to buy-out 100% of Oldford Group (including issued and outstanding shares) for $4.9 billion.

In other words, Amaya is going to acquire PokerStars and Full Tilt Poker for nearly $5 billion.

The structure of global poker as we know it will surely be altered thanks to this major acquisition.

Major Details about the Acquisition

Some of the acquisition details include:

· Amaya will become world’s largest publicly traded online gaming company, according to Press (Amaya + Oldford pro forma revenue of $1.3 billion combined

in 2013)

· Amaya and Rational will combine as complimentary businesses

· Rational Group will keep all executive management pieces the same, but all shareholders (Rational and Oldford Groups) must relinquish all shares to Amaya

Reaction

Amaya CEO David Baazov, clearly excited about the acquisition, had kind words for Oldford Group CEO and Founder Mark Scheinberg: “[He] pioneered the online
gaming industry, building a remarkable business and earning the trust of millions of poker players by delivering the industry’s best game experiences…”

Scheinberg responded to these comments by reminiscing on the success his company brought: “I am incredibly proud of the business… creating the world’s
biggest poker company and a leader in the iGaming space.”

Scheinberg also expressed his best wishes to the company as well as saying that the company is in good hands with a CEO like Baazov at the helm.

Additionally, Executive Director of the Poker Player’s Alliance John Pappas called the acquisition encouraging news for American iGamer’s who have been
eagerly anticipating the return of PokerStars to the US Market. He also believes the move will unite many parties of the industry together (tribes,
casinos, card rooms, etc.).

New Jersey Online Poker

The impact of the move will surely create a wide-open opportunity for New Jersey Online Poker to make strides in the iGaming industry. Complications with
DGE requirements hindered the growth for the Oldford Group’s PokerStars. With new ownership, the ocean is wide with opportunity for PokerStars in New
Jersey.

More Info to Come

Amaya Gaming is soon to come out with more details as they finished a conference call early in the morning on June 13.

Also, NJPokerOnline will be providing breaking news and updates on the situation daily for the next couple weeks.

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