Zach Schreiber and his fellow Duquesne Capital alumns over at PointState Capital are betting big on Toronto-listed gaming company Amaya, according to Market Folly.
Apparently, PointState Capital snapped up 8.76% of Amaya – the online poker giant who owns PokerStars and Full Tilt Poker – who in turn saw its shares soar as much as 6% as news of the acquisition broke out.
Major shareholders of Amaya include BlackRock, the mammoth asset manager, and Odey Asset Management, Crispin Odey’s Soros-back hedge fund.
Aside from the aforementioned online poker platforms, Amaya also manages the European Poker Tour, the Latin American Poker Tour, and the Asia Pacific Poker Tour.
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