Amaya Gaming CEO David Baazov has been hit with 23 charges of insider trading relating to his company's blockbuster $4.9 billion acquisition of the Rationale Group. The charges were laid by the government of Quebec and, if found guilty, Baazov could be facing stiff fines and a even a stint in prison. Baazov's troubles stem…
Amaya Gaming reported a net loss for Q4 2015 due to a number of divergent factors, but a single lousy quarter is unlikely to stop the steamrolling Canadian operator from its mission to dominate the online gambling market. Amaya CEO David Baazov reported the bad news on a conference call to financial analysts yesterday. While…
Amaya Gaming CEO David Baazov is very serious about his bid to take the gaming giant private. This week he hired the services of Barclays Capital Canada to advise him in the effort, according to a report by Reuters. As with so much of Baazov's ambitious bid to take over the biggest online gaming company…
Amaya Gaming CEO David Baazov is looking to take his company private in a blockbuster C$2.8 billion ($2 billion USD) deal. News of a Baazov's big deal sent investors scrambling to snap up shares of the massive gaming empire before the deal closed. That, in turn, drove the value of Amaya Gaming stock up almost…
Amaya Gaming is taking the regulatory hailstorm surrounding the daily fantasy sports industry very seriously and is pulling its StarDraft site from all but four US markets. The company originally announced that it was merely moving out of the Nevada market, which is not requiring that DFS operators be licensed. They quickly added Florida to…
PokerStars is bringing their case for regulated California online poker directly to the people the Golden State with a star-studded promotional poker tour. The eight-stop tour will hit a variety of California poker rooms and will pit Texas Hold 'Em all stars against local players. Among the poker greats participating in the tour, which begins…
The race to acquire Bwin.Party is picking up steam now that Amaya Gaming has put in a €1.5 billion ($1.68 billion USD) offer on its one-time rival. Amaya Gaming, which already owns Poker Stars and FullTilt, is teaming up with GVC Holdings in the acquisition effort. Both companies, it should be noted, have already placed…
Did a prominent member of the Hells Angels profit from insider information ahead of Amaya Gaming's blockbuster purchase of PokerStars last year? According to a report in Le Press, a French language Quebec newspaper, the Royal Canadian Mounted Police (RCMP) are looking into whether or not Canadian Hells Angels leader, Salvatore Cazetta had advance warning…
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