Amaya’s Kentucky debt tripled to $870M
25.12. |

A state judge has ordered Amaya Gaming owned online poker subsidiary PokerStars to pay $870M to the Commonwealth of Kentucky.  

Last month they were ordered to pay the state’s residents $290M in compensation for their ‘illegal’ dealings between 2006 and 2011, but on Wednesday the state’s request for triple damages was granted.

Worse still for the Canadian gaming giants, there will be no time to dwell on the decision if they don’t want that $870M sum to increase any further, as the debt carries an interest rate of 12% per year ($104M) until it’s completely cleared.

Source: highstakesdb.com

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