Tag Archives: canada

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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Oh Canada! Bill C-221 set for Commons’ September review

Hopes of progressing legalised ‘single-game’ sports betting in Canada, will again return to the spotlight as Ottawa’s House of Commons reviews Bill C-221 on 21 September. Canadian Commons’ will debate whether to progress C-221 ‘’ The Safe & Regulated Sports Act” to its Committee on Justice and Human Rights for further review or whether to simply reject the proposed bill. …

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Caesars Entertainment keen on Toronto casino complex

Canadian business news sources have reported that Caesars Entertainment Corporation (CEC) is one of the bidding firms seeking to win the building rights for a casino complex in Toronto. CEC’s bid for a Toronto gaming complex, comes despite the company being embroiled in ongoing creditor disputes relating to subsidiary Caesars Entertainment Operating Company (CEOC) $18 billion debt. Nevertheless, CEC shareholders …

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David Baazov officially resigns as Chief Executive of Amaya Inc

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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