Tag Archives: David Baazov

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 …

Insider trading allegations made by Quebec’s Autorité des Marchés Financiers (AMF) against former Amaya Inc CEO David Baazov and 12 close associates are being reviewed by an independent Montreal financial tribunal. The two-day hearing which began on Monday will review the charges made against Baazov and associates of creating a ‘sophisticated network’ executing insider trades on Canadian stocks over a six-year …

Quebec’s Autorité des Marchés Financiers (AMF) has accused former Amaya Inc CEO David Baazov of being part of a ‘sophisticated’ network of insider traders, by which privileged information was exchanged for ‘kickbacks’. Presenting court documents, the AMF states that it has found six-years of insider trading evidence against Baazov and 12 close associates, including his brother Josh. The AMF who …

Toronto-listed Amaya Inc has confirmed Rafi Ashkenazi’s appointment as chief executive on a permanent basis after former boss David Baazov cut his official ties with the company. Amaya confirmed Baazov had resigned from ‘all positions’ within the company effective 11 August. He had been on temporary leave since March. Issuing a short statement Baazov commented: “I am proud of my contributions in building Amaya into the successful company it is today, and …

Amaya INC governance has met with shareholders at yesterday’s Annual General Meeting (AGM), discussing the company’s current position regarding the potential management takeover by former CEO & Chairman David Baazov. Company stakeholders remained tight-lipped regarding discussions, disclosing no information to news sources (media were not allowed at the AGM). The AGM was the first meeting between Amaya governance and investors …

Amaya Inc is still sounding out potential investors as it weighs up the bid for the group led by embattled CEO & Chairman David Baazov, who is currently on a leave of absence from the company as he battles insider trading charges. The firm is also on the hunt for a new leadership team as Baazov and CFO Daniel Sebag have revealed …

Amaya Inc CEO David Baazov has officially pleaded ‘not guilty’ to multiple charges of insider trading put forward by Quebec’s Securities Regulatory Authority (AMF) Baazov who has placed himself on voluntary leave as CEO of Amaya Inc denies five offences of aiding Toronto TSX trades whilst in possession of privileged information that could influence or manipulate market pricing. On 23 …

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 …

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 …

Gaming giant Amaya has said it expects its Chairman & CEO David Baazov to be ‘fully exonerated’ after the Quebec securities regulatory authority (AMF) charged him with a number of trading violations as part of a long-running investigation. The AMF has charged Baazov for aiding with trades while in possession of privileged information, influencing or attempting to influence the market price …