On the search for "Amaya" we found the following results:

Toronto money manager punished for ‘tips’ on Amaya – Pokerstars acquisition

17 Jun 2018

Former co-chief investment officer and portfolio manager of Aston Hill Asset Management Benedict Cheng has reached a settlement with the Ontario Securities Commission over allegations of insider tipping regarding the acquisition of PokerStars by the Amaya online gambling group in 2014. The settlement calls for a payment by Cheng of a Cdn$ 350,000 penalty and …

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Third time lucky for former Amaya CEO in insider trading prosecution

7 Jun 2018

Former Amaya CEO David Baazov and associates Yoel Altman and Benjamin Ahdoot have been successful in getting 23 insider trading related charges thrown out in a Quebec Court following a flawed prosecution process by the  Quebec securities regulator the Autorité des marches financiers (AMF). On Wednesday Quebec judge Salvatore Mascia granted Baazov defence’s third motion …

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Was David Baazov a mere front for others in his Amaya deals?

22 Sep 2017

The November criminal court hearings into charges of insider trading by former Amaya CEO David Baazov are still two months away, but already startling allegations are emerging from the preliminary court filings by Quebec’s security regulator Autorité des marchés financiers (AMF). The Canadian media has been quick to pounce on these documents as an indication …

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Ontario Securities Commission hearing on Amaya this week

11 Sep 2017

Canadian business press reports note that this week will see a hearing by the Ontario Securities Commission into allegations of insider trading at the Amaya online gambling group (now rebranded The Star Group) during David Baazov’s tenure three years ago as chief executive. Several individuals are expected to appear at the hearing to explain their …

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Hong Kong investor building a significant holding in Amaya

29 Jul 2017

A Hong Kong-based businessman associated with the Goldenway Group, Tong Hao, has reportedly been investing heavily in Amaya shares, most recently with a buy of 4.2 million shares this week and previous buys last week of 279,200 shares for Cdn$ 6.24 million and 500,000 shares for Cdn$11.12 million. Earlier this month in separate transactions Hao …

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Amaya names Bowskill as CTO

16 Jun 2017

Amaya Inc. has appointed Dr. Jerry Bowskill as chief technology officer with immediate effect. Bowskill, who will report directly to chief executive officer, Rafi Ashkenazi, will hold responsibility for the overall technology performance and strategy of the business. He will lead a team of over 300 technologists and developers worldwide and execute the strategic technology …

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Discovery Key Investments raises stake in Amaya

13 Jun 2017

In a SEC filing, Chinese investor Tang Hao, director of Discovery Key Investments Limited (DKI), a British Virgin Isles company, has raised its stake in Amaya Inc. to 12.6 percent with the acquisition of a further 2,100,100 common shares since June 2, 2017. Our readers will recall DKI acquired 9,105,500 shares in March 2017 (see …

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Amaya fulfills fiscal obligations in Rational Group acquisition

31 May 2017

Amaya Inc. has made its final payment on its acquisition of the Rational Group in August 2014. Amaya said it had completed the transaction using cash flow from operations, which included the remaining balance of $47.5 million and approximately $870,000 of associated fees.

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Amaya seeks to strengthen board

24 May 2017

Amaya Inc. has nominated two new directors for appointment to the board, Peter Murphy and Mary Turner, as General Wesley Clark and Dr. Aubrey Zidenberg have opted to not stand for re-election at this year’s annual and special meeting of shareholders to be held June 21, 2017. Divyesh Gadhia, Harlan Goodson, Alfred Hurley and David …

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Amaya names Brian Kyle CFO

16 May 2017

Amaya Inc. has announced the appointment of Brian Kyle as chief financial officer, succeeding Daniel Sebag (see previous  reports) from June 17, 2017. Kyle joins Amaya from Pivot Technology Solutions where he served as chief financial officer. He brings an extensive background in capital markets, financial and strategic planning, tax, investor relations and risk management …

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Amaya to change title

12 May 2017

Alongside its Q1-2017 results, Pokerstars parent group Amaya revealed that change is in the air in Montreal, with plans to change the Amaya brand name to “The Stars Group Inc.” and move to Toronto. The changes are subject to shareholder approval, and are part chief executive Rafi Ashkenazi’s efforts to transform the online gambling company …

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Amaya confirms appointment of M&A expert

3 May 2017

Rumours last week that Pokerstars parent Amaya Inc has been negotiating an employment package with M&A manager Robin Chhabra (see previous  report) have been confirmed by Amaya. Chhabra has an impressive managerial record and for the last seven years has been director of strategy and corporate development at William Hill plc. William Hill and Amaya …

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Amaya whittles away deferred purchase price for Rational Group

2 May 2017

Amaya Inc. has paid an additional $75 million on its outstanding deferred purchase price for the Rational Group, acquired in August 2014. The company paid $200 million in November 2016, a further $75 million in February 2017, which together with this $75 million payment, leaves an outstanding obligation of $47.5 million.

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Amaya reportedly seeking an M&A executive

1 May 2017

Media reports over the Bank Holiday weekend have suggested that Pokerstars parent group Amaya is on the hunt for a mergers and acquisitions executive. Some reports suggest that the company is currently talking to William Hill strategy and corporate development director Robin Chhabra, with whom the Canadian company presumably came into contact during the aborted …

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More allegations filed in Amaya insider trading case

13 Apr 2017

The Amaya – Baazov insider trading allegations surrounding the Montreal gambling group’s $4.9 billion acquisition of Pokerstars former parent the Rational Group in 2014 appeared again in the Canadian news columns Wednesday when the Reuters news agency reported that the Ontario Securities Commission has filed a statement of allegations accusing former Aston Hill Financial Inc …

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Mystery investor snaps up Amaya securities

5 Apr 2017

Mystery surrounds Hong Kong-based Discovery Key Investments Limited (DKI), an investment vehicle wholly owned by a Mr. Tang Hao, that has acquired 9,105,500 common shares in the share capital of Amaya Inc. on the secondary market at a price of $22.40 per share. Hao’s purchase represents an aggregate price of $203,963,200 and an acquisition of …

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Former Amaya chief sells more shares in the company

31 Mar 2017

Following his announcement Thursday that he had just sold off a further 12 million shares in online gambling group Amaya, the company’s former CEO and founder David Baazov is wealthier to the tune of Cdn$ 267.7 million, letting the shares go at an average price of Cdn$ 267.7 million. Baazov, who stepped down last year …

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Once Rational Group is paid off, will Amaya be looking for acquisitions?

25 Mar 2017

This year should see the final payment in online gambling group Amaya’s 2014 $4.9 billion purchase of The Rational Group, and the Bloomberg business news service has interviewed CEO Rafi Ashkenazi (42) on plans beyond that. Ashkenazi, who replaced the trouble-prone former CEO David Baazov when the latter stepped down a year ago, has reportedly …

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Amaya report strong full year 2016 results

22 Mar 2017

Amaya Inc. reported a robust set of full year 2016 results, saying its online casino business exceeded expectations and changes to its poker ecosystem and a focus on customer acquisition had begun to reverse certain negative trends. Key performance indicators for the twelve month period ending December 31, 2016 include: – Total revenue of $1,155,892,000 …

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Amaya to free up more capital with the sale of Innova Gaming Group

11 Mar 2017

The Amaya online gambling group has followed its long term debt refinancing deal earlier this week (see previous report) with a statement Friday advising that it plans to sell off its remaining 8.18 share stake in former lottery subsidiary Innova Gaming Group in order to free up more capital. The shares represent Amaya’s 40.6 percent …

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Baazov sells a third of his dominant stake in Amaya online gambling group

8 Mar 2017

Embattled former CEO and dominant shareholder of Amaya Group, David Baazov, has sold almost a third of his shares in the company, disposing of 7 million shares for a total of Cdn$133 million or 4.8 percent of Amaya’s equity…and he still holds 17.6 million shares or 12.1 percent of the Amaya equity. Baazov’s reason for …

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Amaya refinancing agreement guards against ‘a certain shareholder’ taking control.

4 Mar 2017

Online gambling group Amaya Inc., issued a press release Friday detailing refinancing agreements with lenders GSO Capital Partners, Deutsche Bank, Barclays, Macquarie Capital that will see it save Cdn$15.4 million on interest payments and free up funds…but a section of the release referring to a requirement by the lenders grabbed the attention of observers, who …

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Amaya makes substantial dent in Rational Group payment obligation

2 Feb 2017

Amaya Inc. has made an additional payment of $75 million on the deferred purchase price of the Rational Group it acquired in 2014. The remaining deferred purchase price obligation is approximately $122.5 million which the company said it intends completing payment of by the end of this year. “The strong performance of our business allowed …

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Amaya CFO retires

21 Jan 2017

Daniel Sebag, the Amaya online gambling group’s first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday. The announcement advises that Sebag has elected to retire this year once his successor is identified and appointed, but will assist Amaya in ensuring an orderly transition …

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