On the search for "Amaya" we found the following results:
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers. Highlights include: * Revenues of $1.153-1.158 billion, up from previously predicted $1.137-1.157 billion; * Adjusted EBITDA of $521-526 million (previous forecast $510 million); * Net Earnings of $364-374 million (previous estimate $334-354 million)…an …
The Montreal-based online gambling group Amaya Inc. has announced that it has reached agreement with “a major creditor” (believed to be the Scheinberg family who previously owned the Rational Group) which extends the maturity on a debt obligation of $197.7 million, pre-empting the need for a dilutive equity raise. The debt, which was in respect …
In the aftermath of David Baazov’s decision to walk away from an acquisition initiative on Amaya Inc this week (see previous reports) there has been business media speculation on what motivated the board of directors at the Montreal online gambling group to turn down an offer of Cdn$24 a share, which represented a 30 percent …
David Baazov, the former CEO of the Amaya Group and prospective multi-billion-dollar buyer of the company, announced Tuesday that he has ended acquisition talks, claiming that some Amaya shareholders were demanding too high a premium. Reporting on the end of the acquisition initiative, the Reuters news agency says that the news was greeted with an …
David Baazov’s intriguing attempt to acquire the Amaya Group may have been complicated by the leak of a highly critical letter from major shareholder Jason Ader’s SpringOwl Asset Management. The Amaya board, to whom the letter is addressed, have not yet responded, but they would be wise to remember the furore that activist investor Ader …
David Baazov’s multi-billion dollar attempt to acquire the Amaya online gambling group (see previous reports) continues to intrigue. On Friday Baazov filed an amended advisory on his offer with the Securities and Exchange Commission confirming that financing from KBC Aldini Capital Limited originally included in his offer is not available (see previous reports), but added …
Apparently unfazed by revelations earlier this week that he does not have the backing of Dubai investment company KBC Aldini as originally claimed for his multi-billion dollar acquisition offer on the Amaya online gambling group (see previous reports), David Baazov issued a statement in Montreal Wednesday advising that the acquisition offer remains on the table. …
Information filed with the Securities and Exchange Commission (SEC) in connection with David Baazov’s $6.7 billion attempt to acquire online gambling group Amaya Inc has come under scrutiny following a complaint lodged with the SEC by a Dubai investment firm, KBC Aldini Capital Ltd., alleging that its name was used fraudulently. The business news agency …
One of the interesting issues to emerge from online gambling group Amaya’s third quarter results conference call with the media and analysts on Monday has been the possibility that the Australian government’s proposed tightening of online gambling regulations could trigger Amaya’s departure from that market. Chief financial officer Daniel Sebag said the possibility is currently …
Amaya Inc. confirmed receipt of a non-binding all cash offer from former chief executive officer David Baazov to acquire the company. The offer of CAD$24.00 per common share was confirmed in a press release late Monday, detailing the inclusion of a USD$200 million deposit into escrow upon execution of a definitive agreement in respect of …
On the back of respectable third quarter results from Amaya Inc., early reports suggest former chief executive officer, David Baazov, has made a $3.48-billion acquisition offer on the company, The Globe and Mail (TGM) reports. The offer of $24-per-share equates to an almost 31 percent increase on Amaya’s closing price on Friday of $18.34, TGM …
William Hill has followed Amaya Inc’s lead, distributing a press release in response to the failure of merger talks with the Canadian firm (see previous reports). A company statement explained that talks had been at an exploratory stage when news of merger talks broke in the media, so much so that due diligence and other …
Amaya Inc. has cautiously released a selection of preliminary results based on its “management’s initial review of operations and performance”. Key performance indicators for this set of preliminary results, covering the three month period ending September 30 2016, include: – Total revenues of between $268 to $273 million, as compared to approximately $247 million of …
Commenting on Tuesday’s announcement that William Hill has walked away from talks regarding a possible merger, Amaya chairman Divyesh Gadhia issued a statement this morning, saying that following an extensive review his board has concluded that the best course for delivering long-term shareholder value is for Amaya to remain an independent, publicly-listed corporation. “Together with …
William Hill’s GBP 4.5 billion merger talks with Canada’s Amaya online gambling group were abandoned Tuesday in an announcement by the company that it had decided to walk away from the negotiating table following consultation with major shareholders. Those consultations will almost certainly have been with major stakeholder Parvus Asset Management, which had earlier launched …
Hot on the heels of serious opposition from Prevus Asset Management, a major William Hill shareholder, to the company’s merger talks with the Amaya Group (see previous report) comes news that former Will Hill CEO Ralph Topping has added his voice to those critical of the initiative. Topping, who ran the company successfully for eight …
Parvus Asset Management, a major stakeholder in William Hill plc, has come out strongly against the current merger talks with Amaya (see previous reports), claiming in an open letter Thursday that the proposal defies strategic logic and will destroy shareholder value. The 14.3 percent shareholder made it clear that it would oppose any reverse takeover …
Mainstream media reports delivered more details on the possible merger between William Hill and Amaya Inc (see previous report) over the weekend, with analysts and observers noting: * Informed sources have revealed that the proposed deal could deliver synergistic savings in excess of GBP 100 million annually; * The deal represents a strong fit which …
Late Friday was an exciting time in the UK and Canada as rumours surged that the original owners of Pokerstars, the Scheinberg family, were interested in re-acquiring the company – now a subsidiary of the Amaya online gambling group. That was followed by reports that GVC Holdings, William Hill and other unidentified companies were about …
The Canadian securities tribunal considering allegations that 12 associates of former Amaya CEO David Baazov received insider information that enabled them to profit resumed its hearing in Montreal Wednesday, CTV News reports. L’Autorité des marchés financiers lawyer Philippe Levasseur questioned in his final argument why Baazov has not appeared before the panel to proclaim his …
In Montreal, a preliminary hearing by the L’Autorite des marches financiers (AMF), Quebec’s securities regulator, considered evidence on allegations that 12 people improperly used access to privileged information about impending acquisitions by the Amaya online gambling group to reap nearly $1.5 million in questionable profit over five years. Among the allegations was a case related …
The Amaya online gambling group has joined the rush into the new Romanian regulated online gambling market, announcing that subsidiaries Pokerstars and Betstars have secured licensing after introducing software changes to ensure compliance with local regulatory requirements. The licensing becomes effective from September 1 this year, enabling PokerStars.ro, BetStars.ro and Full Tilt to ditch temporary …
David Einhorn, a successful entrepreneur, hedge fund manager and tough poker player has bought almost 4 million shares in Pokerstars parent the Amaya group at an average cost of US$13.77 per share, the investment publication The Motley Fool reports. The report notes that Einhorn’s Greenlight Capital fund may have lost 20 percent last year in …
This week’s surprise announcement came from Amaya, which reported that its suspended CEO, David Baazov, has left the company altogether and that interim chief exec Rafi Ashenazi has accepted the post as a permanent position. Our readers will recall that Baazov voluntarily took suspension at the beginning of this year as he fought to clear …