Amay's Stock Gains On Friday, Company Receives Online Gaming Renewal

Shares of AMAYA INC AYA were trading higher by around 1.35 percent mid-Friday afternoon after the company announced that the New Jersey Division of Gaming Enforcement (DGE) has renewed its approval for the company to continue operating its online poker sites within the state.

Amaya initially received approval to operate its Poker Stars and Full Tilt site in New Jersey on September 30, 2015.

Amaya has been embattled with scandals, including accusations of insider trading, which has resulted in its CEO taking a leave of absence.

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"While it's very early, we're extremely pleased with the initial launch of PokerStars in New Jersey and the positive working relationship that Amaya has with the DGE," said Amaya Interim CEO Rafi Ashkenazi. "I'm very proud of our employees, including those we have hired in New Jersey, who have worked diligently to prepare for the launch of a robust, stable platform backed by great customer service. We hope to continue our early positive momentum in the market as PokerStars NJ continues to roll out additional marketing and promotions."