Amaya becomes The Stars Group

The Stars Group's common shares will begin trading under the ticker symbol TSG on the Nasdaq Global Select Market and TSGI on the Toronto Stock Exchange at market open today. In connection with the name change, The Stars Group also adopted a new corporate logo and will launch a new website.

Amaya confirmed its planned name change in May. The company is best known for being parent company of The Rational Group, which in turn owns the PokerStars and BetStars online gambling brands.

PokerStars, the world’s largest online poker operator, has established itself as the Canadian giant’s main business and it explained previously that its rebranding as The Stars Group would mainly aim to reflect the success of that particular brand and the future growth of its sister BetStars brand.

The announcement about Amaya’s completed rebranding and relocation comes at a time a Hong Kong businessman is increasing his stake in the Canadian gambling company with every day passing. Hao Tang, who, according to his Bloomberg profile, has more than a decade of experience in asset management and investment banking, currently holds more than a 15% stake in Amaya.