PokerStars’ former owners Isai and Mark Scheinberg won’t be part of David Baazov’s bid to acquire Canadian gaming operator Amaya Gaming and take it private.
On Monday, Amaya CEO Baazov announced he was planning a C$2.8b bid for Amaya, which owns PokerStars and Full Tilt, properties formerly controlled by the Scheinberg-owned Rational Group before Amaya acquired the company in 2014.
On Wednesday, Eilers & Krejcik Gaming issued a note to clients quoting an Amaya spokesperson saying the Scheinbergs “will not be involved in David Baazov’s going private offer.” The analysts had previously suggested that this was a “very remote possibility” but have since scrubbed that language from its original report.
Shedding all connection to the Scheinbergs – especially Isai, who has had an unresolved federal indictment hanging over his head since Black Friday – was deemed a prerequisite for PokerStars receiving a New Jersey license. In granting that license, the state’s Division of Gaming Enforcement (DGE) required Amaya to purge four unnamed Rational execs the DGE deemed problematic from a ‘clean hands’ regulatory point of view.