On the search for "Amaya" we found the following results:
Reports from insider sources at Amaya Friday indicate that the Pokerstars parent group is cutting staff in its London offices as “dozens” of jobs are either eliminated or transferred to the Isle of Man headquarters of the online poker giant. The rationale for the cuts is apparently to improve operational costs efficiency and the group …
Amaya’s much commented upon secretive meeting with shareholders in Montreal this week (see previous report) has been followed by an announcement regarding changes to the online gambling group’s board of directors. Serving directors Divyesh Gadhia, Harlan Goodson, Aubrey Zidenberg and Wesley Clark were all re-elected, whilst Alfred Hurley Jr. and David Lazzarato become new members. …
Pokerstars and Full Tilt parent group Amaya Inc. is apparently studying offer from “several” potential buyers, and is conducting due diligence for a possible takeover, according to reports Tuesday in the Montreal press. Company executives met with shareholders Tuesday to discuss developments for the first time since CEO, chairman and important shareholder David Baazov stepped …
The Amaya online gambling group has made its much-anticipated move into the French online sports betting sector, launching in beta-test mode its Betstars.fr site along with iOS and Android mobile apps through sister PokerStars.fr’s desktop client. Betstars is currently offering betting on seven sports with more to come in the near future, including in-play wagering. …
Amaya Inc. said proposed nominee for election as a director of Amaya, Paul McFeeters, will resign the board should he be reelected at the company’s upcoming annual shareholder meeting due to personal reasons unrelated to Amaya. The board of directors intends to replace McFeeters with the appointment of David Lazzarato (60), a media and broadcast …
The Canadian newspaper MySask reports that the currently suspended CEO of the Amaya gambling group, David Baazov, enjoyed a 71 percent rise in salary last year to $1.04 million which included $41,227 in option-based awards. Baazov is currently on voluntary suspension whilst he fights insider trading accusations by the financial regulator in Quebec (see previous …
Italian sports bettors were able to access Betstars.it Wednesday, as the beta version went live across desktop and mobile channels. BetStars.it currently offers six sports, initially with a leaning towards football in anticipation of the UEFA EURO 2016 kick-off. There are plans to grow the range in the coming months and in time, players will …
Rafi Ashkenazi, the temporary chief executive of online gambling group Amaya Inc., has announced that the company’s online sports betting subsidiary BetStars is ready to expand its operations to the Italian and French markets in time for the Euro 2016 football championships starting second week in June. In an investor update, Ashekenazi said Management has …
The voluntarily suspended CEO of Amaya, David Baazov (35), along with two associates and three companies have entered not guilty pleas in regard to charges of an insider trading nature pressed by the Quebec financial regulator Autorité des marchés financiers. The regulator announced the submission of the pleas Monday, recalling that the securities-related charges were …
The credit arm of U.S private equity firm Blackstone Group LP has boosted its ownership stake in online gambling group Amaya Inc., according to a report in the Globe and Mail Monday. GSO Capital Partners LP revealed that a group of funds that are either managed or advised by it have acquired 11 million common …
Canadian gaming provider Amaya Inc. has taken on a portfolio of Merkur content from Gauselmann’s edict egaming GmbH for its PokerStars and Full Tilt brands. Merkur slot titles will be accessible to both Amaya brands via edict’s Game Bridge API providing customers fresh content with a special appeal in central Europe where Merkur games have …
The insider trading charges laid against Amaya’s temporarily departed CEO David Baazov could represent a threat to the California online poker legalisation alliance that subsidiary Pokerstars has formed with cardrooms and tribal groups, according to a report in the publication Online Poker Report this week. The report notes that Lynn Valbuena, an influential leader in …
Amaya sportsbook subsidiary BetStars has joined the British Horseracing Authority Authorised Betting Partner (ABP) scheme, committing itself to contributing a percentage of its online racing earnings towards supporting and promoting the sport. The operator launched in the UK earlier this year and recently added UK racing markets to its betting platform. In a company statement, …
Online gambling group Amaya’s troubles mounted on April 4, when one Michael Neuberger filed a new class action in the Manhattan Federal Court – the second such litigation this year – claiming that the value of investors’ shares in the company has been adversely impacted by insider trading investigations involving company executive David Baazov (see …
The Canadian online gambling group Amaya Inc. both attracted and repelled investors during the fourth quarter of 2015, recently published details from stock exchange records reveal. Investment management group Echinus Advisors scooped up 1,118,300 additional shares in the company during the fourth quarter, bringing the fund’s holdings to 2,408,800 shares – 12.41 percent of its …
Amaya management must be breathing a sigh of relief following the news today (Friday) that the New Jersey Division for Gaming Enforcement has renewed the transactional waiver that enables it to operate for a further six months whilst its full licence remains under consideration. In a three week period filled with bad news for the …
The already troublesome legal hassles facing Amaya as a result of insider trading charges against its CEO and chairman David Baazov and alleged associates (see previous reports) increased late Thursday as news broke that a class action against Baazov and chief financial officer Daniel Sebag had been filed in the Southern District of New York. …
Chairman and chief executive officer of Amaya Inc., David Baazov has stepped down temporarily taking an indefinite paid leave of absence in the wake of numerous charges laid against him by the Quebec securities regulatory authority, Autorité des marchés financiers (AMF). Baazov will use the time to further developments regarding an offer for the company …
Over the weekend the Canadian investment publication Motley Fool examined rumours that online gambling group Amaya Inc. is mulling an acquisition offer on Intertain, and appeared to come to the conclusion that recent regulatory events may have overtaken the possibility. Motley noted that share prices in the two companies, which surged on the speculation that …
Quebec’s Financial Securities Regulator, the AMF, confirmed Wednesday that it is charging David Baazov, Benjamin Ahdoot, and Yoel Altman, along with three companies, with 23 charges related to manipulating stock prices between Dec. 2013 and Dec. 2014. The AMF also said Wednesday that it has executed search warrants and obtained orders to stop stock trading …
The ongoing investigation by the Autorité des marchés financiers (AMF), the securities regulatory authority in the Province of Quebec, has taken an unpleasant turn with charges of insider trading laid against Amaya Inc. chairman and chief executive officer David Baazov. The charges detail Baazov being involved in aiding with trades while in possession of privileged …
Pokerstars and Full Tilt parent group Amaya Inc. has posted a Q4-2015 net loss from continuing operations of Cdn$15.8 million, compared with a Cdn$35.6 million profit in the same period for 2014. Nevertheless, the Reuters news agency reports that “adjusted” quarterly earnings were better-than-expected at Cdn$111.2 million. Revenue rose 14.8 percent to Cdn$389.5 million from …
In an update following the announcement of chief executive officer David Baazov’s intention to make an offer for Amaya Inc. (see previous report), the board has formed a special committee to conduct an independent review of alternatives. Baazov notified the board at the end of January 2016 of his intention to make a proposal to …
It appears that the Scheinberg family – the previous owners of the Oldford group who sold to the Canadian company Amaya Inc. for $4.9 billion – remain adamant that they are not going to release money from an escrow account required by Amaya to fight expensive legal disputes . Our readers will recall that the …