BUZZ-Amaya Inc: Ordered to pay $870 mln by Kentucky judge

Thu Dec 24, 2015 10:10am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian gaming company's U.S.-listed shares down 5.5 pct at $12.63 in morning trading

** U.S.-listed shares fall as much as 10 pct to hit $12, lowest since June 2014

** Kentucky court orders company to pay $870 mln in penalties to cover alleged losses by the state's residents who played real-money poker on PokerStars' website between 2006 and 2011

** Company says planned to post a bond to stay the enforcement of the order and to appeal in early January

** Amaya got PokerStars in 2014 through the $4.9 bln takeover of Rational Group

** Up to Wednesday's close, U.S.-listed stock had fallen about 45 pct this year