Amaya Inc has confirmed that it will migrate players from subsidiary brand Full Tilt onto a shared poker network with its leader product PokerStars. The player migration which will be actioned on 17 May, will see Full Tilt and PokerStars merge their ‘poker player liquidity’. In February, Amaya governance detailed that it would create a shared network for its online …
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Amaya Inc sports betting subsidiary BetStars has confirmed that it has joined UK racing’s Authorised Betting Partner (ABP) scheme. The BetStars brand which launched in the UK this January, will join 32Red, Betfair, BetVictor, bet365, SeanieMac and Sky Bet as an ABP partner. BetStars who recently added UK racing markets to its betting platform, will commit to contributing a percentage …
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US law firms Wolf Haldenstein Adler Freeman & Herz LLP (New York) and Block & Leviton (Boston) have filed investor-led class action lawsuits against Amaya Inc. The lawsuits filed yesterday within US district courts, focus on the alleged investor misrepresentation of Amaya governance following the allegations of insider trading made against CEO and Founder David Baazov by Quebec securities regulator, Autorite …
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Toronto TSX listed online gambling operator Amaya Inc has confirmed that CEO & Chairman David Baazov is “taking an indefinite paid leave of absence from the company, effective yesterday”. Issuing a corporate statement Amaya governance detailed that Baazov had opted to take voluntary leave from leadership with a view to prepare for his management takeover of Amaya assets. Furthermore, Baazov …
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The week leading up to the Good Friday break has not been kind to Toronto TSX listed Amaya Inc, who saw its share price drop 20%, closing on Thursday 24 March at CAD $15.4. Following last week’s allegations of five counts of insider trading made against CEO David Baazov by the Quebec Securities Regulatory Authority (AMF), multiple financial analysts have downgraded …
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Updating the market on its 2015 Q4 and full-year results, Toronto-listed operator Amaya Inc would declare 2015 group net losses of CAD $25.9 million (£14 million). The operator which is currently subject to a management takeover bid by Chief Executive David Baazov, reported that its corporate earnings performance had been impacted by the decline of the Canadian $ against core …
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Bloomberg Business News has reported that Amaya Inc CEO David Baazov may look to partner with outside investors in order to fulfil his proposed management takeover of the firm. At present Amaya Inc has appointed a special committee advised by Barclays Capital to review Baazov’s CAD $21 per common share cash offer. Issuing a corporate statement this week, Amaya’s board …
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Toronto-listed Amaya Inc has issued a corporate statement updating the market on its appointed special committee reviewing the management buyout offer put forward by current CEO and Chairman David Baazov. Amaya informs that to date its board has not received a formal proposal by Baazov and his executive regarding the takeover of the company. The independent committee advised by Barclays …
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Toronto listed gambling investment firms buying industry assets in 2014 & 2015 were branded as game changers for the sector. In 2016 business-wide scepticism and criticism has grown of these merged enterprises and their governance, Scott Longley examines how and why opinion has turned on these new Canadian giants. ________________________________ David Baazov, the chief executive of Amaya, may be intent …
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Amaya have announced that Full Tilt will join the PokerStars platform this spring to form one market-leading poker product. Following the merger, each site will retain its own look with a few unique promotions. As reported in Casino News, the two biggest names in poker industry are coming together to form a gaming powerhouse on the biggest online platform in …
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