Gaming Slots image

Amaya Gaming plays down acquisition rumours

Online slot and software provider Amaya Gaming released a statement playing down rumors that the company is set to acquire another firm after sharp increase in its share prices were reported this week.

It was confirmed that Amaya Gaming share prices had increased by 5% on the Toronto Stock Exchange yesterday afternoon fueling speculation that the company was in talks with another firm regarding an acquisition deal.

However, Amaya Gaming was keen to deny rumors of any takeover deal with another firm and released a statement shortly after the news broke of the share increase to play down the rumors.

An Amaya Gaming statement read “In response to trading activity that may stem from market rumors that have come to the company’s attention regarding a potential strategic acquisition, Amaya stated today that… [it] regularly evaluates potential acquisition opportunities.”

It continued “There can be no assurance that any discussions will ultimately lead to a transaction.”

In recent years, Amaya Gaming has acquired a number of other companies including Cryptologic and Chartwell Technologies. Despite the statement from Amaya Gaming denying any imminent takeover, it has done little prevent the rumour mill from continuing to turn.