Tag Archives: David Baazov

On a Tripp… Ashkenazi tasks CrownBet with delivering Australian gold

Toronto TSX-listed The Stars Group Inc has perhaps undertaken the industry’s boldest investment of 2018, expanding its global footprint within a drastically altered Australian online betting market. Yesterday Stars Group Chief Executive Rafi Ashkenazi confirmed that his firm would increase its recently acquired majority stake in CrownBet Holdings, from 62% to 80%. March 2018, has delivered a widespread change to …

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David Baazov continues share sale of Amaya equity

Former Amaya Inc Chief Executive David Baazov has reduced his shareholding in the Toronto TSX-listed firm to just 3.8% of common shares following the disposal of 12 million shares over the past two days. Updating the market, Amaya informed that Baazov had sold 12 million shares at a target price of CAD $22.31, netting their former leader CAD $268 million …

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Quebec AMF sets November date for Baazov ‘insider trading’ case

Canada’s High Court has set a 20 November date for the ‘insider trading’ trial of former Amaya Inc CEO David Baazov by Quebec securities regulator Autorité des marchés financiers (AMF). Baazov faces 23-charges of illegal trades carried out over a six-year period as CEO of Amaya Inc. The AMF states that Baazov and twelve close associates had created a ‘sophisticated network’ …

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Baazov cites shareholder ‘premium’ demands for Amaya bid failure

David Baazov has walked away from his bid to take control of Amaya, the gambling operator he has been instrumental in building over the last few years. In a release issued to the media, Baazov claimed: “The decision to terminate my attempted acquisition of Amaya was not an easy one. I retained a full suite of advisors, arranged committed financing, and engaged in constructive negotiations with Amaya’s …

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SpringOwl’s Jason Ader wants Amaya to have a ‘clean break’ from ‘discredited’ David Baazov

Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …

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Baazov commits to Amaya takeover bid despite backer put-down

David Baazov has confirmed that he is still committed to his planned CAD $6.7 billion takeover of Toronto TSX-listed Amaya Inc, despite this week’s news that perceived Dubai-based backer KBC Aldini Capital had ‘no involvement whatsoever’ with Baazov’s acquisition. Publishing a statement, Baazov representatives detailed that the former Amaya CEO had received an ‘equity commitment letter’ purporting to be from …

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Baazov Amaya bid in turmoil as Dubai backer claims ‘no involvement whatsoever’

The proposed CAD $6.7 billion acquisition of Amaya Inc by former Chief Executive David Baazov, has been thrown into question following reports that Dubai-based private equity firm KBC Aldini Capital has denied being involved in Baazov’s takeover of Amaya assets. On 14 November Baazov had penned an official CAD $24 per share (30% premium) for Amaya assets. Baazov who is …

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Baazov pens CAD $3.5 billion offer for Amaya assets

David Baazov the former Chief Executive Officer of Amaya Inc, has penned a reported CAD $3.5 billion (US $2.56 billion) offer to acquire the Toronto TSX-listed operator outright. Baazov who is currently facing charges of insider trading by Quebec’s securities regulator Autorité des Marchés Financiers (AMF) makes his formal approach to purchase Amaya assets outright. The former Amaya CEO who …

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No Go…William Hill & Amaya end merger talks

The £5 billion merger between FTSE-listed William Hill Plc and Toronto TSX Amaya Inc has been abandoned. This morning both William Hill and Amaya governances’ updated investors declaring that the companies had withdrawn from merger talks. Issuing a corporate statement, William Hill detailed that it received ‘canvassing views from a number of major shareholders’. Last week London hedge fund Parvus, …

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Global Gambling Powerhouse…Amaya & William Hill enter ‘all-stock’ merger talks

The governances of William Hill Plc and Amaya Inc have confirmed that they have entered talks discussing a potential ‘all-stock merger of equals’, with a view of creating a global gambling powerhouse. Reacting to press speculation on late Friday, the governances of FTSE-listed William Hill and Toronto TSX-listed Amaya disclosed that initial merger talks had begun. Amaya the operating company …

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