Tag: David Baazov

Amaya and Baazov part ways after acquisition talks

Betting Business, Casino Review, Amaya, David Baazov, resignation
David Baazov, former CEO of PokerStars parent Amaya, has ended his bid to acquire the firm after failing to come to agreement on share price.   Amaya, the owner of the largest online poker network in the world, has confirmed that it has ended talks with former CEO David Baazov over a potential acquisition of the firm. In a statement released to...

Amaya’s former exec restores confidence in troubled purchase bid

Betting Business. Amaya, PokerStars, David Baazov,
Amaya’s share price went through the wringer again this month as its co-founder ploughs on with his turbulent bid to take the company private. The enigmatic co-founder of PokerStars’ parent company Amaya has restored confidence in his somewhat knotty attempt to take the $6.7bn company private, after one of his named backers denied involvement. David Baazov first made his bid known...

Amaya and William Hill merger talks abandoned

betting business Amaya William Hill
UK bookmaker William Hill and Amaya, the Canada-based online poker giant, have walked away from talks of a possible £4.5bn (E5bn) merger.   Earlier this month, the two companies responded to press speculation by confirming they were in discussions regarding a potential all-share “merger of equals”. “After canvassing views from a number of William Hill’s major shareholders, the board has decided that...

David Baazov officially resigns as CEO of Pokestars’ owner Amaya

Betting Business, Casino Review, Amaya, David Baazov, resignation
Owner of Pokestars and Full Tilt Amaya has confirmed the resignation of David Baazov from the official positions of CEO and Chairman of Amaya, with Rafi Ashkenazi being appointed as the new CEO on a permanent basis.   The firm stated: “Amaya thanks Mr. Baazov for his contributions to Amaya since its inception and through its rapid growth, and looks forward...

Amaya confirms acquisition talks at hidden shareholders meeting

Amaya Gaming
At a secret AGM held in Quebec, gaming conglomerate Amaya announced a series of reshuffles to its board of directors, while the poker giant continues to seek a suitor for its potential $1.5bn takeover.   Amaya met with its shareholders this June for the first time since CEO David Baazov took voluntary leave, and confirmed it has entered into talks with...

Amaya’s Baazov and Sebag to step down as directors

David Baazov Amaya
CEO David Baazov, who is currently under investigation for alleged insider trading, and Daniel Sebag have confirmed that they will not be standing for re-election as directors at Amaya’s upcoming shareholder’s annual general meeting. Meanwhile, the company is still looking for potential buyers.   The chief executive and chief financial officer of Amaya have confirmed that they will be standing down...