PokerStars could be pulling out of the lucrative Australian gambling market as soon as this week if a new bill cracking down on grey market operators passes into law. The proposed measure, an amendment to the Interactive Gambling Act of 2011 (IGA), would close loopholes that allowed PokerStars, and other major operators, to operate in…
Former Amaya Gaming CEO, David Baazov is offering $3.65 billion to assume control of the company. Baazov's offer comes just days after the company announced its Q3 results which included a hefty boost in revenues. Baazov's bid, according to a recent report on CalvinAyre.com, will be formally submitted some time this week. His offer, which…
Amaya, Inc. and William Hill, two of the biggest names in the online gambling world, are reportedly discussing the possibility of a merger. The blockbuster deal, should it come to pass, could have a major impact in the worldwide gaming business. According to a joint statement by the two companies, as reported on by the…
Financial regulators probing into irregularities at Amaya Gaming have uncovered what they say is evidence of a complex kickback scheme dating back more than half a decade. If found to be true, the new information could prove to be very bad news for former Amaya Gaming CEO David Baazov. Baazov has been charged with multiple…
Troubled Amaya Gaming CEO, David Baazov is resigning his post just months after taking a leave of absence to fight charges of insider trading. While Baazov's move came as a surprise to the gambling world, it was welcomed with open arms by Amaya Gaming shareholders. Baazov announced his big move on Friday afternoon and the…
Amaya Gaming is pulled a page out of the modern business playbook this week when it eliminated dozens of jobs from its London office. The company says the mass layoff was merely an effort to increase efficiency, and profits, by eliminating redundancies. Workers at Amaya Gaming's London office got the bad news on Friday, according…
Amaya Gaming CEO David Baazov has formally plead not guilty to the insider trading charges lodged against him by Quebec financial regulators.Baazov, along with five co-defendants (two people and three companies) entered their pleas via mail over the past few weeks. With this step of the legal process out of the way, the case will…
The recently released Panama Papers may have connections to officials and hangers on at Amaya Gaming, according to an exclusive report by Steven Stradbrooke at CalvinAyre.com. It's also possible that the company's connection to the blockbuster data dump could be a factor in the filing of insider trading charges against Amaya Gaming CEO David Baazov.…
Amaya Gaming CEO David Baazov is taking a voluntary, and indefinite, leave of absence from his position in the wake of his recent legal troubles, according to a press release from the company. Baazov, 35, is facing a number of insider trading charges related to Amaya Gaming's multi-billion dollar acquisition of the Rational Group, owners…
Details of the charges laid against Amaya Gaming CEO David Baazov by Quebec financial regulators are beginning to emerge and they point to a very tangled web of affairs at the online gambling giant. According to a recently published report on Le Journal de Montreal, the Autorité des marchés financiers (AMF), believe that David Baazov…
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