Tag Archives: Toronto

Baazov submits takeover proposal for Amaya Inc

Toronto (TSX) listed operator Amaya Inc has today issued a corporate statement detailing that current CEO and Chairman David Baazov has submitted an all-cash deal to takeover the company. Amaya’s Board of Directors will now create a special independent committee to review the forthcoming proposal by Baazov which is estimated to be offering CAD $21 (£10-11) per common share, representing …

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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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Contagious Gaming appoints Craig Loverock as CFO

Updating the market Toronto listed igaming platform provider Contagious Gaming has announced the appointment of Craig Loverock as its new Chief Financial Officer (CFO) and Corporate Secretary effective immediately. Loverock joins Contagious, as the company looks to complete its CAD $7.2 million (£3.6 million) acquisition of Digitote (first announced in September). Contagious governance updated that it had entered a definitive …

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Amaya continues 2015 growth despite external headwinds

Reporting on its Q3 2015 corporate performance (period ending 30 September), Toronto listed Amaya Inc has reported quarter revenues of CAD $325 million (£160 million) up 8% on Q3 2014’s CAD $300 million. Revenue growth would transfer to EBITDA earnings of CAD 141 million (£70 million) for the period, up 8% on Q3 2014’s CAD $ 130 million. Amaya Q3 net …

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Contagious Gaming confirms interest in Sportech takeover interest

Following last Friday’s news reports that sports betting and racing technology firm Sportech had entered merger talks with Canadian firm Contagious Gaming. This morning the Toronto TSX Venture listed Contagious Gaming confirmed that it had entered talks with Sportech regarding a potential merger for the formation of “combined, technology-focused, sports wagering company”. Contagious Gaming stated that it had made its acquisition intentions under …

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Gamesys brands boost Intertain Q2 revenues

Having completed its £425 million acquisition of Gamesys in April, Toronto listed Intertain Group has reported a group revenue surge of CAD $95 million for its Q2 2015 performance (Q2 2014 – CAD $5.6 million). Factoring in costs of its Gamesys acquisition during the period Intertain governance would issue an adjusted net income of CAD $24.5 million. Reporting on an …

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Amaya reports strong H1 2015 opening as operator restructures long term debt plan

Issuing a 2015 H1 update, Toronto listed Amaya Inc noted that its customers were embracing its non-poker offerings as the operator recorded a 5% increase in group revenues to CAD $ 656 million (2014: CAD $624 million). Amaya the owning company of PokerStars and Full Tilt gaming brands, would record growth on all key metrics for both Q2 and H1 …

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