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Amaya buying PokerStars, Full Tilt owner for $4.9B

NEW YORK (AP) -- Amaya Gaming Group Inc. is buying the owner and operator of the PokerStars and Full Tilt Poker brands in a $4.9 billion deal.

Canada's Amaya says the deal with privately held Oldford Group Ltd., the parent company of Rational Group Ltd., will make it the biggest publicly traded online operator of casino games.

PokerStars and Full Tilt Poker have more than 85 million registered players on desktop and mobile devices. Online poker services provided by PokerStars and Full Tilt Poker will not be affected by the transaction.

The boards of Amaya and Oldford unanimously approved the deal. Amaya doesn't anticipate making any changes to its board related to the transaction.

The deal is expected to close by Sept. 30. It needs the approval of Amaya shareholders.

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