David Baazov is Chairman of the Board, President, Chief Executive Officer of Amaya, Inc.From 2000 to 2006, Mr. Baazov was the founder of a business marketing company and served as the Vice President of Sales of Vortek Systems Inc., a supplier and distributor of computer hardware and accessories.
Amaya Inc. founder and former chief executive officer David Baazov is set to face trial in November over allegations of ‘insider trading’, local media reports. At a hearing on Tuesday, Judge Claude Leblond of the Quebec Court set a Nov. 20 start date for the trials, which is expected to last around 13 weeks. Baazov […]
Amaya Inc. founder and former CEO David Baazov has withdrew his $4.1 billion bid to privatize the company, saying the price sought by shareholders was too high. “It became evident that the share price premium demanded by certain shareholders exceeded the price at which my investors and I would be willing to complete a transaction,” […]
Investor Jason Ader has urged Amaya’s board to reject David Baazov’s takeover bid, citing the lack of transparency and the information about Baazov’s sources of funding, local media reports. The CEO of SpringOwl, Ader, which holds over 2 percent of Amaya shares, said it was “time for the company to fully move on from the […]
Former CEO of Amaya Inc., David Baazov has confirmed that two Hong Kong-based investors will be upping their support for his $4.1 billion bid to take the company private, local media reports. According to a filing to the U.S. Securities and Exchange Commission on Friday, Head and Shoulders Global Investment Fund SPC and Goldenway Capital […]
U.S. private equity firm Blackstone Group LP has boosted its ownership stake in online gambling group Amaya Inc, local media reports. Through its credit arm, GSO Capital Partners LP, the group acquired 11 million common shares of the online poker company, at US$0.01 cent per share. GSO said the shares were acquired for investment purposes […]
Montreal-based Amaya Inc. today announced its chairman and chief executive officer David Baazov has taken a voluntary indefinite paid leave of absence, effective Mar. 28, 2016, as a result of insider trading allegations made by Quebec’s securities regulatory authority. The announcement, sent as a press release said that “Baazov is taking this leave voluntarily to […]
Chief executive of Montreal-based Amaya Inc, and two of his associates have been charged by Quebec’s securities regulator with insider trading over the company’s takeover of PokerStars in 2014, local media reports. David Baazov, chief executive and founder of Amaya Inc was charged by Autorité des marchés financiers, Quebec’s securities regulator, for “aiding with trades […]
Amaya’s chairman and CEO is looking to take the world’s largest online poker company private in a $2.8 billion dollar bid according to a recent release by the company. David Baazov, the chairman and CEO of Amaya announced that he, together with a group of investors intends to make an all-cash proposal to Acquire Amaya […]
David Baazov, CEO of Amaya Inc, has confirmed that subsidiary PokerStars will launch a sports betting product under the brand BetStars.com The confirmation by Baazov follows last weekend’s speculation that Amaya Inc. was preparing to launch a sports betting focused product, having acquired multiple domain names connected to the brand term BetStars.com. Presenting 1Q35 performance […]
Former Amaya CEO David Baazov has had all insider trading charges against him dismissed, local media reports. Baazov, and two other men and three companies were facing several insider trading charges in connection with Amaya’s $5 billion acquisition of online gaming company Pokerstars in 2014. However, six weeks into the trial, the charges have been […]
With growth stagnant in poker’s traditional strongholds of North America and Europe, operators are beginning to look towards Asia for markets which could kickstart a second boom.