Canadian gaming giant Amaya has filed a notice of appeal against a Kentucky court order to pay $870 million (€794 million) in damages for subsidiary PokerStars’ allegedly illegal operations within the US state between 2006 and 2011.
Amaya said that it has filed a $100 million supersedeas bond to stick enforcement of the order “during the pendency of the appeals process”.
Amaya added that it'll “continue to vigorously challenge the trial court’s order”.
“In late January, pursuant to and based on the procedures set forth within the merger agreement governing the purchase of the PokerStars business, a subsidiary of Amaya submitted a notice of claim to the sellers’ representative and escrow agent seeking indemnification for losses and potential losses due to breaches under the merger agreement,” Amaya said.
Amaya added that its subsidiary’s notice of claim requested “among other things, that the escrow agent retain the then-remaining balance of the escrow fund established under the merger agreement in an aggregate amount equal to approximately $300 million”.
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