Tag Archives: canada

Quebec AMF sets November date for Baazov ‘insider trading’ case

Canada’s High Court has set a 20 November date for the ‘insider trading’ trial of former Amaya Inc CEO David Baazov by Quebec securities regulator Autorité des marchés financiers (AMF). Baazov faces 23-charges of illegal trades carried out over a six-year period as CEO of Amaya Inc. The AMF states that Baazov and twelve close associates had created a ‘sophisticated network’ …

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partypoker commits to biggest ever LIVE poker tour

GVC Holdings subsidiary partypoker has stated its commitment to ‘live poker’ announcing the launch of its new ‘partypoker LIVE’ global tour in 2017 with a number of headline events featuring Million $ prizepools. The LIVE global tour will make its first stop in Quebec Canada at the Playground Poker Club featuring a guaranteed prizepool of CAD $1 million for the …

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Baazov cites shareholder ‘premium’ demands for Amaya bid failure

David Baazov has walked away from his bid to take control of Amaya, the gambling operator he has been instrumental in building over the last few years. In a release issued to the media, Baazov claimed: “The decision to terminate my attempted acquisition of Amaya was not an easy one. I retained a full suite of advisors, arranged committed financing, and engaged in constructive negotiations with Amaya’s …

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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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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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Sky World Racing launches new ‘content hub’ website

Tabcorp horse racing media rights subsidiary Sky World Racing (Louisville – Kentucky) has announced the launch of its new website – skyworldracing.com. The new website will act as a racing content hub seeking to become the leading news source year-round racing from the Australian, New Zealand and South African markets. Sky World governance detailed that a new website was needed …

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William Hill – Rush of bets sees Madeleine Thien take Man Booker lead

With less than 24 hours until the 2016 Man Booker Prize winner is revealed, William Hill has placed Canadian author Madeleine Thien as 7/4 market favourite following a rush of literary bets placed on her book ‘Do Not Say We Have Nothing.’ Updating its ‘2016 Man Booker Prize’ market, Thien takes the lead ahead of British author and playwright Deborah …

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Canada CGA – Commons fails to realise benefits of sports betting debate

Responding to last week’s decision by the Ottawa House of Commons to vote down the progress of ‘single sports betting’ Bill C-221 ‘The Safe & Regulated Sports Act’, the Canadian Gaming Association (CGA) has stated that it is deeply disappointed by the outcome. Releasing a public statement, CGA representatives detailed that by denying C-221, Commons had again failed to engage …

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‘Its Done!’…Canada Commons shuts down Single Sports Bill C-221

Hopes of progressing Canadian single sports betting have been dashed again as the Ottawa House of Commons voted against Bill C-221 this Wednesday. Commons voted down against C-221 with 133 MPs voting in favour and 156 against the bill. C-221 named ‘The Safe & Regulated Sports Act’ will not be carried over to the Canadian Committee for Justice. Windsor West MP Brian …

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Independent tribunal hears Baazov insider trading charges

Insider trading allegations made by Quebec’s Autorité des Marchés Financiers (AMF) against former Amaya Inc CEO David Baazov and 12 close associates are being reviewed by an independent Montreal financial tribunal. The two-day hearing which began on Monday will review the charges made against Baazov and associates of creating a ‘sophisticated network’ executing insider trades on Canadian stocks over a six-year …

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