Tag Archives: Amaya Inc

Amaya ups 2016 revenue & earnings guidance but warns of 2017 currency impacts

The governance of Toronto TSX-listed Amaya Inc has this morning issued an update to the firm’s full-year 2016 guidance, adjusting upwards its top-line metrics for revenue and earnings results. In its latest trading update, Amaya governance details that FY 2016 revenues will range between $1.153-1.158 billion, as compared to its previous guidance of $1.137-1.157 billion. Further positives see Amaya governance …

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Amaya hires Bo Wänghammar as PokerStars casino MD

Toronto TSX-listed Amaya Inc has confirmed the appointment of Bo Wänghammar to the senior management position of PokerStars Casino Managing Director, as the operator seeks to continue its aggressive expansion of new product verticals in 2017. An industry veteran Wänghammar joins PokerStars from European igaming operator Mr Green & Co where he held number of Executive management positions including CEO of …

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Amaya restructures deferred Rational Group payments for 2017

Following a review of its financing options, the governance of Toronto TSX-listed Amaya Inc has confirmed that it will pay its $197.7 million balance relating to the deferred purchase price for acquired Rational Group assets (2014) throughout the course of 2017. Updating investors, Amaya governance detailed the changes to its payment plan which was due for 1 February 2017. The …

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Guy Templer appointed Chief Operating Officer of Rational Group

Garbo - Copyright: lucadp / 123RF Stock Photo

Guy Templer has been appointed as Chief Operating Officer of Rational Group, the operator of the world’s largest poker business, PokerStars. Templer, who is currently Chief Strategy Officer, will assume the role on January 1 and continue to report to Rafi Ashkenazi, CEO of Amaya and Rational Group. He will be responsible for the day-to-day management of significant parts of …

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Baazov commits to Amaya takeover bid despite backer put-down

David Baazov has confirmed that he is still committed to his planned CAD $6.7 billion takeover of Toronto TSX-listed Amaya Inc, despite this week’s news that perceived Dubai-based backer KBC Aldini Capital had ‘no involvement whatsoever’ with Baazov’s acquisition. Publishing a statement, Baazov representatives detailed that the former Amaya CEO had received an ‘equity commitment letter’ purporting to be from …

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Baazov Amaya bid in turmoil as Dubai backer claims ‘no involvement whatsoever’

The proposed CAD $6.7 billion acquisition of Amaya Inc by former Chief Executive David Baazov, has been thrown into question following reports that Dubai-based private equity firm KBC Aldini Capital has denied being involved in Baazov’s takeover of Amaya assets. On 14 November Baazov had penned an official CAD $24 per share (30% premium) for Amaya assets. Baazov who is …

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PokerStars launches first dedicated casino TV advert

Amaya Inc subsidiary PokerStars has announced that it has launched its first ever dedicated TV advertisement, promoting its online casino services. Launching ‘PokerStars Casino’ debut TV advertisement across UK digital stations and video streaming channels, the operator’s marketing team detailed that the campaign would focus on promoting its wide range of casino games and slots. Seeking to further extend the …

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Rafi Ashkenazi – BetStars intent on closing gap on sports betting competitors

Presenting Amaya Inc results for Q3 2016, CEO Rafi Ashkenazi praised the work and competence of his firm’s recently launched ‘BetStars’ sports betting division, stating that it had delivered on its goal of creating a ‘competitive online sportsbook’. Seeking to challenge established legacy betting operators, the BetStars division will be led by new MD Zeno Osskó as Amaya looks to …

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Baazov pens CAD $3.5 billion offer for Amaya assets

David Baazov the former Chief Executive Officer of Amaya Inc, has penned a reported CAD $3.5 billion (US $2.56 billion) offer to acquire the Toronto TSX-listed operator outright. Baazov who is currently facing charges of insider trading by Quebec’s securities regulator Autorité des Marchés Financiers (AMF) makes his formal approach to purchase Amaya assets outright. The former Amaya CEO who …

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No Go…William Hill & Amaya end merger talks

The £5 billion merger between FTSE-listed William Hill Plc and Toronto TSX Amaya Inc has been abandoned. This morning both William Hill and Amaya governances’ updated investors declaring that the companies had withdrawn from merger talks. Issuing a corporate statement, William Hill detailed that it received ‘canvassing views from a number of major shareholders’. Last week London hedge fund Parvus, …

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