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Amaya/PokerStars Rumors Continue To Swirl

Earlier today Canadian betting firm Amaya Gaming saw trading of its shares halted after rumors of its purported attempts at acquiring PokerStars saw share prices surge 28%.

Amaya is reportedly setting up more than $1 billion in order to purchase the poker giant, which would compliment a betting portfolio that includes Cryptologic, Ongame, and Chartwell Technologies.

For the first six months of the year, Amaya stock has risen 77%, now trading at more than $13.00 per share.

A deal could be quite lucrative for PokerStars, which is attempting to enter the US betting market, but is being faced with "bad actor" provisions that have kept it from being able to obtain a license in New Jersey or Nevada.

Executives for both firms refused comment on the matter.