David Baazov to Step Down at Amaya For the time being, as Allegations Mount

David Baazov to Step Down at Amaya For the time being, as Allegations Mount

David Baazov takes a break that is temporary his responsibilities as the CEO and chairman of Amaya, the company announced today. The gaming that is canadian stated in a presser that Baazov, whom is dealing with five as-yet-unproven charges of insider trading, are changed in the interim by Rafi Ashkenazi as CEO, and Divyesh Gadhia as president.

David Baazov is taking a leave that is indefinite of from their responsibilities as CEO and chairman at Amaya. The company has conceded it has to take the newest allegations ‘seriously.’

Ashkenazi could queenofthenileslots.org be the recently appointed CEO of Rational Group, while Gadhia happens to be an Amaya director since 2010. Gahdia also chairs the ‘Special Committee’ of independent directors established on 1 to oversee Baazov’s private takeover acquisition proposal february.

Baazov’s choice is ‘voluntary,’ according to Amaya, and certainly will give him the opportunity ‘to focus on preparing an offer to acquire Amaya and to avoid a distraction for the company .

The message is that Baazov’s bid to take the company private is still into the pipeline, however unlikely it now generally seems to an observer that is outside. Meanwhile, the reshuffle within the board room shows that the Board’s faith in its chairman and CEO been shaken by the sudden broadening of the scope regarding the AMF investigation.

Baazov ‘Main Source’ of Privileged Information

Amaya’s previously stated faith Continuar lendo David Baazov to Step Down at Amaya For the time being, as Allegations Mount

Experian Study Says On The Web Gamblers’ Attention Span Is Four Minutes

Experian Study Says On The Web Gamblers’ Attention Span Is Four Minutes

A new Experian research says that of ten population sectors tested, online gamblers have actually the cheapest patience levels for ID verification

There is a well-known penile enlargement TV spot that warns if those that just take the drug experience its benefits for lots more than four hours, they should look for immediate attention that is medical. Not so clear is really what kind of medical assistance those who possess a round that is four-minute get. No, not that types of round; we’re talking about individuals with attention spans so short that a mere 240 seconds is all it will take in order for them to virtually go postal when it comes down to online verification systems.

Experian Study on ID Verification Patience Levels

At least, this is the findings of research by Experian a global information solutions team best-known to most of us among the top three credit information bureaus as soon as the company looked into how long the average online gambler would spend answering identity verification questions before they punched their computer screens in, even when just metaphorically talking.

You may state, ‘Big whoop! Isn’t that the case for everybody else whom has to confirm their identities online these days?’ But in fact, the Experian study says that Internet gamblers had the cheapest (i.e., shortest) patience threshold of ten business that is different they surveyed with this topic for their s Continuar lendo Experian Study Says On The Web Gamblers’ Attention Span Is Four Minutes

AMF Says Securities Fraud Probe Pre-Dates Amaya’s PokerStars Acquisition, Baazov Brother Implicated by Regulator

AMF Says Securities Fraud Probe Pre-Dates Amaya’s PokerStars Acquisition, Baazov Brother Implicated by Regulator

Josh Baazov, David Baazov’s elusive older brother, who’s also a suspect in the AMF case against.

AMF, the Canadian financial regulator, yesterday executed search warrants against 13 new individuals suspected of alleged involvement in securities fraudulence concerning Amaya stock, dating as far back as 2011, well prior to the company purchased PokerStars parent Oldford Group.

Among those is CEO David Baazov’s older brother, Ofer ‘Josh’ Baazov.

The AMF released its second bombshell of the day before we’d had time to even fully digest the news that David Baazov was facing five criminal counts of insider trading.

The regulator alleges that the 13 named individuals ‘traded while in possession of privileged information, or they leaked information that is privileged possible mergers and acquisitions involving Amaya Inc.

‘In all,’ in all, it continued, ‘they are speculated to have realized a profit of close to CA$1.5 million ($1.13 million) between 2011 and 2016.’

This shows that the scope of the investigation predates the PokerStars acquisition and that AMF is probing previous cases of suspected insider trading in Amaya’s stock.

Amaya first went public on the TSX Venture Exchange in July, 2010, at $1 a share. Last year, it purchased both Chartwell Technology and Cryptologic, even though deal that is latter not finalized until very early 2012.

Josh Baazov’s Questionable Continuar lendo AMF Says Securities Fraud Probe Pre-Dates Amaya’s PokerStars Acquisition, Baazov Brother Implicated by Regulator