PokerStars’ parent company, the Canadian gaming firm Amaya, has restructured its payment arrangement with Isai and Mark Scheinberg, the originators who divested the company in 2014. Facing a February 1st due date for a $197.7 million installment, Amaya secured a three-month deferral in return for a non-returnable charge.
This recent accord is an element of the initial $4.9 billion transaction from 2014. Having already remitted $4.7 billion to the Scheinbergs, this postponement provides Amaya with leeway to settle the outstanding $200 million without assuming further liabilities or encountering sanctions. This maneuver will enable them to prioritize bolstering their cash holdings throughout 2017.
Amaya’s Chief Executive, Rafi Ashkenazi, views this as the optimal strategy to guarantee the company maintains a robust financial standing.
We felt certain that our present strategy underscores the robust revenue stream of our business structure. This enables us to fund upcoming triumphs while simultaneously upholding our obligations to the former proprietors. We are progressing as planned to settle the outstanding purchase payments promptly, particularly considering our impressive results in 2016.
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