Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …
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PokerStars has launched poker and casino games in Portugal, after being granted a local license within Portugal’s recently developed, independent regulatory and licensing regime. PokerStars will offer Portuguese players games such as blackjack and roulette (single and multi-player) on both desktop and all mobile devices. The Amaya-owned company will maintain the highest levels of player fund protection by segregating Portuguese …
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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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PokerStars has unveiled its new, fast paced ‘Beat the Clock’ tournaments, with Real Madrid’s Cristiano Ronaldo as the star of the advertising campaign. ‘Beat The Clock’ games last just five minutes, and are held in Zoom Poker format at four-max tables. Players must remain in the game until the timer runs out, with the prizes then distributed in proportion to …
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UK business news sources have valued the potential merger of FTSE-listed William Hill Plc and Toronto TSX operator Amaya Inc at a combined value of £4.5-5 billion. On late Friday, William Hill and Amaya governances declared that they had entered initial talks discussing plans for an ‘all stock merger of equals’. The governances’ further detailed that the potential merger was …
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Toronto-listed Amaya Inc has confirmed Rafi Ashkenazi’s appointment as chief executive on a permanent basis after former boss David Baazov cut his official ties with the company. Amaya confirmed Baazov had resigned from ‘all positions’ within the company effective 11 August. He had been on temporary leave since March. Issuing a short statement Baazov commented: “I am proud of my contributions in building Amaya into the successful company it is today, and …
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Playtech has secured a deal to supply PokerStars with a range of its popular slot titles. The deal extends the relationship between the two companies, as PokerStars is already served by Quickspin, the Swedish games developer acquired by Playtech for €50 million in May 2016. Amaya’s PokerStars brand has already launched slot titles ‘White King’, ‘Frankie Dettori’ and ‘Greta Blue’ …
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Amaya Inc is still sounding out potential investors as it weighs up the bid for the group led by embattled CEO & Chairman David Baazov, who is currently on a leave of absence from the company as he battles insider trading charges. The firm is also on the hunt for a new leadership team as Baazov and CFO Daniel Sebag have revealed …
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This summer’s Euro 2016 Championships has seen a glut of new sportsbook announcements, but few are as intriguing as the plans between The Sun newspaper and Australian operator Tabcorp to launch Sun Bets. The UK market is no stranger to attempts by octogenarian media mogul Rupert Murdoch to leverage the pre-eminent position of his business interests in the UK media …
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Online gaming solutions provider NetEnt has signed a license agreement with global interactive entertainment and technology company Amaya, the owner of the world’s most renowned poker brand, PokerStars. The agreement will see NetEnt supply desktop and mobile games to the PokerStars brand in New Jersey, USA. Amaya is an existing customer of NetEnt in Europe. NetEnt has signed yet another important …
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