Amaya Offices Raided

Amaya Offices Raided

Friday, 12 December 2014

The Montreal office of Amaya Gaming, the owners of PokerStars and Full Tilt, were raided by representatives of the Royal Canadian Mounted Police and the Financial Markets Authority yesterday.

Earlier this year, when Amaya completed the purchase of the Oldford Group, the parent company of the Rational Group (of which PokerStars and Full Tilt belong), the $4.9 billion deal appeared to go through without a hitch.

However, just a few months on and it seems something has roused the suspicions of the regulators of Quebec's financial markets, the Autorité des Marchés Financiers (AMF). Also caught up in the raid were two financial firms, Canaccord Genuity and Manulife Financial, but as yet the reason for the investigation hasn't been released.

Speaking on Thursday, a spokesperson for the AMF said "Yesterday's operation is part of an AMF investigation on that company. I can't go further for the moment."

In response to the news, Amaya released a statement earlier today explaining that it was cooperating fully with the authorities on the matter. The press release also suggested that there are no allegations of any wrongdoing by Amaya.

"To the Corporation's knowledge, this does not involve any allegations of wrongdoing by the Corporation. Amaya will continue to cooperate, if and as requested, consistent with our practice to always cooperate with regulatory authorities.

"The Corporation will continue to monitor the investigation if and as it proceeds. The investigation has had no impact on Amaya's business operations, employees or companies."

Tags: Amaya, PokerStars