Tag Archives: Toronto

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 …

Read More »

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 …

Read More »

‘World Class Supplier’ strategic M&A rockets NYX revenue & earnings

The acquisition of industry sports betting platform and technology provider OpenBet has boosted Toronto-listed NYX Gaming Group (NYX) Q3 2016 corporate revenues to CAD $54.4 million representing a 309% increase on its corresponding 2015 performance. Closing its Q3 2016 performance (period ending 30 September), NYX governance stated that the company had reached its corporate goal of creating a ‘world class …

Read More »

Currency strains impact Intertain Q3 2016 performance

Impacted negatively by the depreciation of pound sterling against the Canadian dollar, Toronto TSX-listed Intertain Group (Intertain) has recorded a 7% drop in corporate revenues to CAD $113 million for its Q3 2016 performance (period ending 30 September). The operator who is preparing to float on the London Stock Exchange under its core brand ‘Jackpotjoy Plc’ would close its Q3 …

Read More »

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 …

Read More »

No Go…William Hill & Amaya end merger talks

The £5 billion merger between FTSE-listed William Hill Plc and Toronto TSX Amaya Inc has been abandoned. This morning both William Hill and Amaya governances’ updated investors declaring that the companies had withdrawn from merger talks. Issuing a corporate statement, William Hill detailed that it received ‘canvassing views from a number of major shareholders’. Last week London hedge fund Parvus, …

Read More »

William Hill & Amaya merger valued at £4.5-5 billion

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 …

Read More »

NYX bolsters leadership team with Walbridge & Matejevich appointments

Toronto TSX-listed online gambling technology provider NYX Gaming Group (NYX) has announced two new leadership appointments. Joining its leadership team, NYX confirms the appointment of Jason Walbridge as Chief Operating Officer (COO) and Eric Matejevich as its new Chief Financial Officer (CFO). Both appoints have been confirmed as effective immediately. Walbridge joins NYX from industry gaming machine manufacturer Aristocrat Gaming, …

Read More »

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 …

Read More »

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 …

Read More »