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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Amaya CEO David Baazov denies all AMF insider trading charges
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 …
Read More »Amaya expects CEO Baazov to be ‘fully exonerated’ over insider trading charges
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 …
Read More »Amaya maintains innocence over insider trading investigation
Amaya has reiterated that it believes the company has done nothing wrong after a Quebec court’s decision to lift the publication ban on the redacted warrant and supporting affidavit for the search of various entities, including Amaya, in mid-December 2014 by Quebec’s securities regulator AMF. The searches were related to the AMF’s investigation into trading in Amaya securities leading up …
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