Tag Archives: Amaya Inc

No Deal…Parvus declares “no logic & no value” in William Hill-Amaya merger

London hedge fund Parvus Asset Management (Parvus) has publicly stated that it will not back the merger of William Hill and Amaya Inc, declaring that it sees ‘little strategic logic’ in the £5 billion ‘all-stock merger of equals’. Led by Danish financier Mads Eg Gensmann, Parvus is reported to be William Hill Plc’s largest investor owning approximately 14.3% of company shares. …

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Global Gambling Powerhouse…Amaya & William Hill enter ‘all-stock’ merger talks

The governances of William Hill Plc and Amaya Inc have confirmed that they have entered talks discussing a potential ‘all-stock merger of equals’, with a view of creating a global gambling powerhouse. Reacting to press speculation on late Friday, the governances of FTSE-listed William Hill and Toronto TSX-listed Amaya disclosed that initial merger talks had begun. Amaya the operating company …

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OnGame poker network reported to be closing down

Online poker news sources are reporting that OnGame Network (OnGame), one of the industry’s oldest poker networks will close down this October. The poker network which has had multiple owners including bwin.party Entertainment and Amaya Inc, in recent years’ has suffered from declining active player numbers affecting its game liquidity. At its peak, Ongame was a leading European B2B poker …

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Quebec AMF accuses David Baazov of being part of a sophisticated insider trading network

Quebec’s Autorité des Marchés Financiers (AMF) has accused former Amaya Inc CEO David Baazov of being part of a ‘sophisticated’ network of insider traders, by which privileged information was exchanged for ‘kickbacks’. Presenting court documents, the AMF states that it has found six-years of insider trading evidence against Baazov and 12 close associates, including his brother Josh. The AMF who …

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Rational Group appoints former mybet CEO Zeno Osskó as BetStars lead

Amaya Inc subsidiary Rational Group has confirmed the appointment of Zeno Osskó as Managing Director of BetStars, its online sports betting division. Osskó takes on the leadership of BetStars, having resigned as CEO of Frankfurt Xetra-listed European sports betting operator mybet SE last month. Rational Group management confirmed that Osskó would join its division on 12 September taking on overall …

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Operational restructure sees Amaya make London staff cuts

Toronto-listed online gambling operator Amaya Inc has confirmed that it has made a number of redundancies to its London office as the operator looks to restructure its operations and reduce costs. Amaya’s staff cuts were confirmed last week by VP of Communications Eric Hollreiser to industry news source eGaming Review.   The company detailed that it was eliminating “dozens” of …

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Amaya stakeholders tight-lipped on company future

Amaya INC governance has met with shareholders at yesterday’s Annual General Meeting (AGM), discussing the company’s current position regarding the potential management takeover by former CEO & Chairman David Baazov. Company stakeholders remained tight-lipped regarding discussions, disclosing no information to news sources (media were not allowed at the AGM). The AGM was the first meeting between Amaya governance and investors …

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PokerStars launches new sports betting offering in France

PokerStars has expanded its sports betting offering with the launch of BetStars.fr, an Amaya Inc. brand. The beta version is now available to French sports bettors online at BetStars.fr, on iOS and Android mobile devices, and in the PokerStars.fr desktop client. The current beta version of BetStars.fr offers seven popular sports for customers to bet on, with plans to grow …

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Amaya launches BetStars Italian beta product

Today sees the launch of BetStars in Italy, as Amaya Inc moves ahead with expanding its subsidiary sports betting product services within Europe. Italy represents the second European market opening for the BetStars brand, which was launched in the UK in January of this year. Following the conclusion of its AGM, Amaya governance announced that the company would move to …

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Amaya merges Full Tilt & PokerStars liquidity into ‘centralised network’

Amaya Inc has confirmed that it will migrate players from subsidiary brand Full Tilt onto a shared poker network with its leader product PokerStars. The player migration which will be actioned on 17 May, will see Full Tilt and PokerStars merge their ‘poker player liquidity’. In February, Amaya governance detailed that it would create a shared network for its online …

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