Tag Archives: Toronto

David Baazov continues share sale of Amaya equity

Former Amaya Inc Chief Executive David Baazov has reduced his shareholding in the Toronto TSX-listed firm to just 3.8% of common shares following the disposal of 12 million shares over the past two days. Updating the market, Amaya informed that Baazov had sold 12 million shares at a target price of CAD $22.31, netting their former leader CAD $268 million …

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Jackpotjoy Plc debuts on London Stock Exchange

The London Stock Exchange (LSE) welcomed its latest gaming/betting listed enterprise Jackpotjoy Plc this Wednesday. Debuting on the London exchange as the ‘world’s largest online bingo operator’ Jackpotjoy Plc, formerly Toronto TSX-listed Intertain Group closed its first day of LSE trading securing a share price of 645p. Headed up by new Chief Executive Andrew McIver, JackpotJoy had first stated its …

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NYX OpenBet wins contract to revamp New Zealand Racing Board’s FOB platform

Toronto TSX-listed NYX Gaming has confirmed that it has secured an agreement with the New Zealand Racing Board (NZRB) to deliver a bespoke fixed odds betting platform through its OpenBet technology subsidiary. Updating the market, OpenBet development teams will work with NZRB with aim of automating and revamping its ‘largely manual fixed odds’ betting services.  NZRB stated that a new …

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Amaya ups 2016 revenue & earnings guidance but warns of 2017 currency impacts

The governance of Toronto TSX-listed Amaya Inc has this morning issued an update to the firm’s full-year 2016 guidance, adjusting upwards its top-line metrics for revenue and earnings results. In its latest trading update, Amaya governance details that FY 2016 revenues will range between $1.153-1.158 billion, as compared to its previous guidance of $1.137-1.157 billion. Further positives see Amaya governance …

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Intertain sets target date for LSE listing

Issuing a corporate statement Intertain Group Limited (Intertain), has announced that it expects its full listing on the London Stock Exchange under new entity ‘Jackpotjoy Plc’ to take place on Wednesday 25 June. The company had first announced its intention to migrate its corporate listing from the Toronto TSX to London’s LSE in August 2016. Presenting plans to its investors, …

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Amaya hires Bo Wänghammar as PokerStars casino MD

Toronto TSX-listed Amaya Inc has confirmed the appointment of Bo Wänghammar to the senior management position of PokerStars Casino Managing Director, as the operator seeks to continue its aggressive expansion of new product verticals in 2017. An industry veteran Wänghammar joins PokerStars from European igaming operator Mr Green & Co where he held number of Executive management positions including CEO of …

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Amaya restructures deferred Rational Group payments for 2017

Following a review of its financing options, the governance of Toronto TSX-listed Amaya Inc has confirmed that it will pay its $197.7 million balance relating to the deferred purchase price for acquired Rational Group assets (2014) throughout the course of 2017. Updating investors, Amaya governance detailed the changes to its payment plan which was due for 1 February 2017. The …

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Baazov commits to Amaya takeover bid despite backer put-down

David Baazov has confirmed that he is still committed to his planned CAD $6.7 billion takeover of Toronto TSX-listed Amaya Inc, despite this week’s news that perceived Dubai-based backer KBC Aldini Capital had ‘no involvement whatsoever’ with Baazov’s acquisition. Publishing a statement, Baazov representatives detailed that the former Amaya CEO had received an ‘equity commitment letter’ purporting to be from …

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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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Rafi Ashkenazi – BetStars intent on closing gap on sports betting competitors

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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