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Found 11 results

  1. [caption width="640"] Amaya CEO David Baazov is facing insider trading charges[/caption] In the middle of June 2014, Amaya Gaming bought the Rational Group, the parent company of PokerStars and its sister site, Full Tilt Poker, for $4.9 billion. Amaya's stock, which is traded in Toronto under the symbol 'AYA', increased in value by 50% in the days leading up to the transaction, prompting an investigation by Canadian authorities. One day after the acquisition was announced, Amaya's stock went up another 30%. On Wednesday, that investigation came to a head, as the Autorté des Marchés Fina
  2. [caption width="640"] PokerStars officially launched in New Jersey on Monday, March 21, 2016.[/caption] Thanks for following our live blog coverage of the PokerStarsNJ launch. 9:13 PM: With nearly 1,200 seated players, there are currently eight full $1/$2 Six Max NLHE tables and 14 full $0.25/$0.50 Six Max NLHE tables. 8:01 PM: The threat of an overlay in the big nightly events on Day 1 was probably overstated. The Big $50, which carried a $1,500 guarantee needed 33 players to reach the guarantee and ended up with 79 for a total prize pool of $3,594.50. The biggest
  3. In an article that eGaming Reviewpublished on Friday, Amaya CEO David Baazov (pictured) reiterated his company's commitment to an online casino and sports book following the acquisition of the Rational Group, the parent company of PokerStars and Full Tilt Poker. The transaction officially closed earlier this month, well ahead of schedule. --- PocketFives' news coverage is brought to you by Betsson Poker, a leading global online gaming provider. Betsson Poker is available on Mobile and offers regular promotions to live events
  4. [caption width="640"] Former Amaya CEO David Baazov may soon find himself answering questions from the Securities and Exchange Commission[/caption] David Baazov, the founder of Amaya and the man responsible for guiding the company's purchase of PokerStars from the Scheinberg family in 2014, has found himself at the center of another controversy as he attempts to take the company private. Baazov , who took a leave of absence as Amaya CEO in March after Canadian regulators brought insider trading charges against him, could soon find himself in the crosshairs of the Securities and Exchange
  5. In December, Canadian officials raided the offices of Amaya Gaming, the previously fairly anonymous online gambling firm that announced a $4.9 billion deal to purchase PokerStars and Full Tilt Poker six months earlier. The investigation had to do with suspicious trading activity of Amaya's stock in the weeks leading up to the announcement. Also raided at the same time were the investment bank Canaccord Genuity and the insurance company and financial services provider Manulife Financial. At the time, Amaya issued a statement saying there was no need to worry: "To the Corporation's knowle
  6. [caption width="640"] Amaya Chairman and CEO David Baazov has stepped aside - temporarily - to deal with insider trading allegations.[/caption] Just days after being charged with insider trading, David Baazov has taken an indefinite paid leave of absence from his role as Amaya Chair CEO to deal with the allegations. He will remain a member of the board of directors. Last Wednesday, Autorité des Marchés Financiers, the securities regulator in Quebec, announced they had filed 23 charges related to insider trading at Amaya. Five of those charges were levied at Baazov including aiding with
  7. [caption width="640"] Amaya CEO David Baazov[/caption] In mid-2014, Amaya Gaming bought PokerStars and Full Tilt in a deal worth $4.9 billion, changing the online poker industry forever. Soon, there could be another upheaval for the company, this one led by its CEO. According to a press release and various news outlets, Amaya CEO David Baazov, "together with a group of investors with whom he is in discussions, intends to make an all-cash proposal to acquire Amaya at a purchase price presently estimated at CDN $21.00 per common share, representing a 40% premium to Friday's closing price
  8. According to iGaming Business and other news outlets, Amaya Gaming Chairman and Chief Executive David Baazov purchased 110,000 common shares of his company's stock for a total price of $1.7 million. The news comes just two weeks after Amaya's shares dipped by 28% in a single day. As iGaming Business outlined, Baazov (pictured) wasn't alone: "The purchase, made on the open market, comes as two other executives at the firm also opted to increase their shareholding. Marlon Goldstein, Executive Vice President for Corporate Development and general counsel, as well as Rafi Ashkenazi, Chief Execut
  9. If you think Amaya Gaming, which owns PokerStarsand Full Tiltand is reportedly in talks to buy bwin.party, is going to explode in value, now is your time to cash in. This week, Amaya was green-lit for listing on the NASDAQ Global Select Market. Its shares will begin trading on June 8. Amaya Chairman and CEO David Baazov said, "Our listing on the NASDAQ is an important milestone for Amaya and a testament to the tremendous progress we have made over our five years as a public company. We anticipate that the NASDAQ listing will provide greater visibility and better liquidity for our stock an
  10. During the announcement of the company's financials for the previous year, Amaya GamingChief Executive Officer David Baazov(pictured) announced an extremely optimistic outlook in New Jersey and globally due to new innovations. Perhaps the biggest note of the Amaya teleconference was the development and rollout of a sportsbook within the PokerStars platform. Baazov noted that the first sports bets through the PokerStars-backed sportsbook have already been accepted in selected markets as the company looks to move forward with the product by expanding into other markets over the second quarter
  11. On Thursday, Amaya Gaming made the stunning announcement that it would acquire PokerStars, Full Tilt Poker, and parent company Rational Group in a $4.9 billion deal. With the exception of a few rumors, the agreement came virtually out of the blue, and many found it hard to believe that the Canadian firm would be able to put up enough cash for such a large transaction. But now that the deal has been announced, poker players in the US have turned to the forums in force, expressing their thoughts on the ramifications of the massive sale. Upon hearing the news, many players were excited for th

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