On the search for "Amaya" we found the following results:
Former co-chief investment officer and portfolio manager of Aston Hill Asset Management Benedict Cheng has reached a settlement with the Ontario Securities Commission over allegations of insider tipping regarding the acquisition of PokerStars by the Amaya online gambling group in 2014. The settlement calls for a payment by Cheng of a Cdn$ 350,000 penalty and …
Former Amaya CEO David Baazov and associates Yoel Altman and Benjamin Ahdoot have been successful in getting 23 insider trading related charges thrown out in a Quebec Court following a flawed prosecution process by the Quebec securities regulator the Autorité des marches financiers (AMF). On Wednesday Quebec judge Salvatore Mascia granted Baazov defence’s third motion …
The November criminal court hearings into charges of insider trading by former Amaya CEO David Baazov are still two months away, but already startling allegations are emerging from the preliminary court filings by Quebec’s security regulator Autorité des marchés financiers (AMF). The Canadian media has been quick to pounce on these documents as an indication …
Canadian business press reports note that this week will see a hearing by the Ontario Securities Commission into allegations of insider trading at the Amaya online gambling group (now rebranded The Star Group) during David Baazov’s tenure three years ago as chief executive. Several individuals are expected to appear at the hearing to explain their …
A Hong Kong-based businessman associated with the Goldenway Group, Tong Hao, has reportedly been investing heavily in Amaya shares, most recently with a buy of 4.2 million shares this week and previous buys last week of 279,200 shares for Cdn$ 6.24 million and 500,000 shares for Cdn$11.12 million. Earlier this month in separate transactions Hao …
Amaya Inc. has appointed Dr. Jerry Bowskill as chief technology officer with immediate effect. Bowskill, who will report directly to chief executive officer, Rafi Ashkenazi, will hold responsibility for the overall technology performance and strategy of the business. He will lead a team of over 300 technologists and developers worldwide and execute the strategic technology …
In a SEC filing, Chinese investor Tang Hao, director of Discovery Key Investments Limited (DKI), a British Virgin Isles company, has raised its stake in Amaya Inc. to 12.6 percent with the acquisition of a further 2,100,100 common shares since June 2, 2017. Our readers will recall DKI acquired 9,105,500 shares in March 2017 (see …
Amaya Inc. has made its final payment on its acquisition of the Rational Group in August 2014. Amaya said it had completed the transaction using cash flow from operations, which included the remaining balance of $47.5 million and approximately $870,000 of associated fees.
Amaya Inc. has nominated two new directors for appointment to the board, Peter Murphy and Mary Turner, as General Wesley Clark and Dr. Aubrey Zidenberg have opted to not stand for re-election at this year’s annual and special meeting of shareholders to be held June 21, 2017. Divyesh Gadhia, Harlan Goodson, Alfred Hurley and David …
Amaya Inc. has announced the appointment of Brian Kyle as chief financial officer, succeeding Daniel Sebag (see previous reports) from June 17, 2017. Kyle joins Amaya from Pivot Technology Solutions where he served as chief financial officer. He brings an extensive background in capital markets, financial and strategic planning, tax, investor relations and risk management …
Alongside its Q1-2017 results, Pokerstars parent group Amaya revealed that change is in the air in Montreal, with plans to change the Amaya brand name to “The Stars Group Inc.” and move to Toronto. The changes are subject to shareholder approval, and are part chief executive Rafi Ashkenazi’s efforts to transform the online gambling company …
Rumours last week that Pokerstars parent Amaya Inc has been negotiating an employment package with M&A manager Robin Chhabra (see previous report) have been confirmed by Amaya. Chhabra has an impressive managerial record and for the last seven years has been director of strategy and corporate development at William Hill plc. William Hill and Amaya …
Amaya Inc. has paid an additional $75 million on its outstanding deferred purchase price for the Rational Group, acquired in August 2014. The company paid $200 million in November 2016, a further $75 million in February 2017, which together with this $75 million payment, leaves an outstanding obligation of $47.5 million.
Media reports over the Bank Holiday weekend have suggested that Pokerstars parent group Amaya is on the hunt for a mergers and acquisitions executive. Some reports suggest that the company is currently talking to William Hill strategy and corporate development director Robin Chhabra, with whom the Canadian company presumably came into contact during the aborted …
The Amaya – Baazov insider trading allegations surrounding the Montreal gambling group’s $4.9 billion acquisition of Pokerstars former parent the Rational Group in 2014 appeared again in the Canadian news columns Wednesday when the Reuters news agency reported that the Ontario Securities Commission has filed a statement of allegations accusing former Aston Hill Financial Inc …
Mystery surrounds Hong Kong-based Discovery Key Investments Limited (DKI), an investment vehicle wholly owned by a Mr. Tang Hao, that has acquired 9,105,500 common shares in the share capital of Amaya Inc. on the secondary market at a price of $22.40 per share. Hao’s purchase represents an aggregate price of $203,963,200 and an acquisition of …
Following his announcement Thursday that he had just sold off a further 12 million shares in online gambling group Amaya, the company’s former CEO and founder David Baazov is wealthier to the tune of Cdn$ 267.7 million, letting the shares go at an average price of Cdn$ 267.7 million. Baazov, who stepped down last year …
This year should see the final payment in online gambling group Amaya’s 2014 $4.9 billion purchase of The Rational Group, and the Bloomberg business news service has interviewed CEO Rafi Ashkenazi (42) on plans beyond that. Ashkenazi, who replaced the trouble-prone former CEO David Baazov when the latter stepped down a year ago, has reportedly …
Amaya Inc. reported a robust set of full year 2016 results, saying its online casino business exceeded expectations and changes to its poker ecosystem and a focus on customer acquisition had begun to reverse certain negative trends. Key performance indicators for the twelve month period ending December 31, 2016 include: – Total revenue of $1,155,892,000 …
The Amaya online gambling group has followed its long term debt refinancing deal earlier this week (see previous report) with a statement Friday advising that it plans to sell off its remaining 8.18 share stake in former lottery subsidiary Innova Gaming Group in order to free up more capital. The shares represent Amaya’s 40.6 percent …
Embattled former CEO and dominant shareholder of Amaya Group, David Baazov, has sold almost a third of his shares in the company, disposing of 7 million shares for a total of Cdn$133 million or 4.8 percent of Amaya’s equity…and he still holds 17.6 million shares or 12.1 percent of the Amaya equity. Baazov’s reason for …
Online gambling group Amaya Inc., issued a press release Friday detailing refinancing agreements with lenders GSO Capital Partners, Deutsche Bank, Barclays, Macquarie Capital that will see it save Cdn$15.4 million on interest payments and free up funds…but a section of the release referring to a requirement by the lenders grabbed the attention of observers, who …
Amaya Inc. has made an additional payment of $75 million on the deferred purchase price of the Rational Group it acquired in 2014. The remaining deferred purchase price obligation is approximately $122.5 million which the company said it intends completing payment of by the end of this year. “The strong performance of our business allowed …
Daniel Sebag, the Amaya online gambling group’s first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday. The announcement advises that Sebag has elected to retire this year once his successor is identified and appointed, but will assist Amaya in ensuring an orderly transition …