However, two recent news items have put some upward impetus back into Amaya's stock price. The first news item was the announcement that Amaya's CEO has offered to buy the entire company for $21.00 per share Canadian dollars.
This is not terrific news for us because that only comes out to about $15.25 per share in US dollars. I paid about $16.30 but several analysts think that the bid will have to be increased in order to entice enough shareholders to sell.
The other news is that a bill legalizing online poker in the state of New York advanced out of committee on Tuesday.