Tag Archives: canada

Amaya expects CEO Baazov to be ‘fully exonerated’ over insider trading charges

Gaming giant Amaya has said it expects its Chairman & CEO David Baazov to be ‘fully exonerated’ after the Quebec securities regulatory authority (AMF) charged him with a number of trading violations as part of a long-running investigation. The AMF has charged Baazov for aiding with trades while in possession of privileged information, influencing or attempting to influence the market price …

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OpenBet partners with BCLC to launch Sports Pools

OpenBet has partnered with The British Columbia Lottery Corporation (BCLC) to launch Sports Pools on PlayNow.com, British Columbia’s gambling website. OpenBet has worked closely with BCLC since they launched their initial online gaming offering in June 2010, when it delivered Canada’s first online casino on OpenBet’s leading platform and centralised account (Player Account Management). Since then, OpenBet and BCLC have continued …

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David Baazov updates market on Amaya takeover bid

Announcing Amaya Inc 2015 full-year results, which saw the operator post net losses of CAD $25 million (£14 million), CEO David Baazov updated the market on his proposed management takeover of the firm. Baazov alerted the media that his executive team intends to make a formal bid to take Amaya assets private, though no timeline for the announcement of the …

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Canada’s TSN launches esports section

The Sports Network (TSN) is the biggest sports network in Canada meaning that the world of esports moves another rung up the ladder with the announcement that it has launched its own esports section.  Known as the ESPN of Canada, it’s hot on the heels of its US cousin, which itself recently committed itself to contributing dedicated esports content. Yahoo is another major …

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Scott Longley – D’oh Canada…Toronto turns against gaming stocks

Toronto listed gambling investment firms buying industry assets in 2014 & 2015 were branded as game changers for the sector. In 2016 business-wide scepticism and criticism has grown of these merged enterprises and their governance, Scott Longley examines how and why opinion has turned on these new Canadian giants. ________________________________ David Baazov, the chief executive of Amaya, may be intent …

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Amaya appoints Barclays Capital to review Baazov bid

Toronto listed Amaya Inc has confirmed the appointment of Barclays Capital Canada to act as corporate financial advisor with regards to the CAD $2.8 billion (£1.4 billion) management buyout proposed by CEO David Baazov. On 1 February Amaya governance confirmed that it had set up an independent committee to asses Baazov’s takeover proposal. The buyout proposal sees Baazov aim to …

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Betfair brings its Canadian operations to a halt

It has been reported that Betfair it is to withdraw its services from Canada with near immediate effect; all services will be concluded by January 14th. The gambling operator sent out an email during the Christmas period to its customers informing them that residents of Canada would no longer be allowed to place bets, and that gaming services would also be blocked. No …

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Intertain Group governance fights back against Spruce Point mismanagement accusations

The governance of Toronto listed igaming operator Intertain Group (Intertain) has labelled New York hedge fund Spruce Point Capital Management as a “self identified short-seller of the company’s common shares”. Intertain governance further stated that its damning 120 page dossier published last week attacking the firm’s acquisitions, governance, corporate performance reporting and financial management were simply “self-serving and misleading”. The …

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37Entertainment takes GVC services claim to London ICC

Canadian marketing firm 37Entertainment (37E) is reported to have filed an arbitration claim with the International Chamber of Commerce (ICC) against London AIM listed operator GVC Holdings (GVC) for misrepresentation of business through the reneging of services on a partnership deal. The marketing firm is seeking a multi-million damages relating to a 50/50 partnership formed with GVC for igaming provisions …

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Amaya Inc – David Baazov confirms BetStars brand

David Baazov CEO of Amaya Inc has confirmed that subsidiary PokerStars will launch a sports betting product under the brand BetStars.com The confirmation by Baazov follows last weekend’s speculation that Amaya Inc were preparing to launch a sports betting focused product, having acquired multiple domain names connected to the brand term BetStars.com. Presenting Q3 2015 performance figures, Baazov detailed that …

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