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September 24, 2017

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Amaya Gaming Group to buy PokerStars in $4.9 billion deal


Julie Jacobson / AP

Casino industry representatives and exhibitors watch an online poker game during industry’s G2E conference, Tuesday, Oct. 4, 2011, in Las Vegas.

Amaya Gaming Group Inc. surged to a record after agreeing to acquire PokerStars for $4.9 billion, in a deal that creates the largest publicly held online gambling company in the world.

Amaya, a little-known supplier of betting equipment and systems based in suburban Montreal, advanced 41 percent to C$19.78 at 11:04 a.m. in Toronto, after rising 46 percent for the biggest intraday jump since its market debut in 2010.

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