Tagged David Baazov

Amaya Gaming set to relocate headquarters and change corporate name

June 25, 2017

Amaya Gaming is the owner behind the PokerStars brand and several other online gaming businesses. Within the past year, the company has faced hard times and as a result, is seeking to evolve by relocating to a ...

Baazov sells $100 million-worth of Amaya shares

Alex Lanter

March 10, 2017

Latest Casino and Gambling News, Economy/Finance

Former CEO of Amaya Gaming, David Baazov, held a press release this week to announce that he is selling a 7-million batch of Amaya shares worth $99 million to use for “investment purposes”. The sale would see B...

David Baazov cancels proposed purchase of Amaya Incorporated

Adam Morgan

December 20, 2016

Latest Casino and Gambling News, Ontario, Online Gambling News, Mergers, Acquisitions & Partnerships

In Canada, entrepreneur David Baazov has abandoned his $6.7 billion deal to purchase Amaya Incorporated amid accusations that some shareholders had been demanding higher-than-expected premiums for their stakes ...

Amaya investor questions David Baazov’s source of funds for acquisition

Renee Kingsley

December 7, 2016

Latest Casino and Gambling News, Online Poker, Mergers, Acquisitions & Partnerships

Canadian based Amaya Inc is currently considering an acquisition proposal submitted by David Baazov, the former chairman and chief executive officer. Baazov sent in a proposal last month offering C$24 per share...

Only two investment firms associated with Amaya takeover bid according to Baazov

Sadonna Price

November 26, 2016

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships

David Baazov has had to back track somewhat after announcing a takeover bid for the company he founded, Amaya Gaming. The former CEO of the company, Baazov announced his plans a few weeks ago and mentioned four...

KBC Aldini Capital Ltd. denies part of Baazov’s Amaya acquisition; Baazov confirms no involvement

Lars Jones

November 23, 2016

Latest Casino and Gambling News, Canada, Online Poker, Economy/Finance, Mergers, Acquisitions & Partnerships

On Tuesday Amaya shares fell nearly 10 percent at one point and closed 6 percent lower on news that Dubai-based KBC Aldini Capital Ltd. has claimed they have no involvement with Amaya Inc. founder David Baazov...

Baazov Offers C$3.5 Billion to Buy Amaya

Alex Lanter

November 15, 2016

Online gaming software, Latest Casino and Gambling News, Canada, Game manufacturers, Online Poker, Mergers, Acquisitions & Partnerships

David Baazov, former CEO and Chairman of Amaya Gaming has made an official bid to buy the Canadian gaming and gambling company to a total price of C$3.48 billion, or C$24 per share. His bid is a 30.9 percent pr...

Canadian based Amaya Inc and UK based William Hill in talks for possible merger

Renee Kingsley

October 9, 2016

Latest Casino and Gambling News, Canada, Quebec, Mergers, Acquisitions & Partnerships, United Kingdom

William Hill is one of the most well known bookmakers in the world and operates the biggest network of betting outlets in the United Kingdom, while Amaya Inc, the parent company for PokerStars, the biggest onli...

Evidence against former Amaya boss David Baazov questioned

Adam Morgan

September 15, 2016

Latest Casino and Gambling News, Canada, Financial Fraud

In Canada, the former Chairman and Chief Executive Officer for online gaming firm Amaya has reiterated his innocence on charges of insider trading following an admission by Quebec’s securities watchdog that it ...

Evidence mounts against former Amaya boss David Baazov

Adam Morgan

September 8, 2016

Latest Casino and Gambling News, Canada, Online Gambling News, Conspiracy

In Canada, one of the financial watchdogs looking into allegations of insider trading involving David Baazov, the former Chairman and Chief Executive Officer for online gaming firm Amaya, has reportedly identif...

David Baazov resigns fully from all positions within Amaya Gaming

Sadonna Price

August 14, 2016

Latest Casino and Gambling News, Employment & Careers, Financial Fraud

After taking a leave of absence in March due to insider trading charges, David Baazov has now announced he will no longer be holding any position within Amaya Gaming. On Friday, Amaya Gaming announced that Rafi...

Amaya holds annual general meeting in private

Adam Morgan

June 29, 2016

Latest Casino and Gambling News, Canada, Online Poker, Economy/Finance, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud

Tuesday saw online gaming firm Amaya hold its annual general meeting (AGM) behind closed doors as it continued to evaluate takeover offers including one headed by its under-investigation former Chairman and Chi...

Not guilty plea filed by David Baazov on insider trading charges

Sadonna Price

May 4, 2016

Latest Casino and Gambling News, Quebec, Fines, Lawsuits & Litigation

On Monday, it was announced that the former CEO and Chairman of Amaya Gaming, David Baazov, pled not guilty to charges of insider trading, according to the Autorité des marchés financiers. The Quebec securities...

The Panama Papers; More casino connections: Amaya associates possibly linked

Lars Jones

April 6, 2016

Latest Casino and Gambling News, World Casino News, Economy/Finance, Panama, Online Gambling News, Tax Evasion

This article has been updated. After over more than a year of collaborations by journalists in about 80 countries, three days ago the International Consortium of Investigative Journalists began releasing inf...

Class action lawsuit filed in the US against Amaya Gaming amidst inside trading scandal

Sadonna Price

April 1, 2016

Latest Casino and Gambling News, U.S.A., Fines, Lawsuits & Litigation, New York

After the announcement of Amaya Gaming CEO David Baazov being charged with insider trading, it has now been announced that a class action lawsuit has been filed in the United States against the Canadian company...