Amaya Inc. has negotiated new terms on a major debt obligation that was coming due in a matter of weeks. The revised agreement sees the online gambling company pushing out the maturity on the debt, and incurring penalties.
The $197.7-million (U.S.) debt that was due to be paid on Feb. 1 stems from the firms multibillion-dollar 2014 acquisition of Rational Group, the owner of PokerStars.
In a release on Monday, the Canadian online gambling company said it will instead make payments on the debt over the course of 2017. In exchange for pushing out its obligat…
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