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David Baazov Pokerstars acquisition offer remains on the table
AMAYA LATEST: BAAZOV CONFIRMS HIS ACQUISITION DRIVE CONTINUES (Update)
Alternative financing will be found, says former Amaya CEO.
Apparently unfazed by revelations earlier this week that he does not have the backing of Dubai investment company KBC Aldini as originally claimed for his multi-billion dollar acquisition offer on the Amaya online gambling group, David Baazov issued a statement in Montreal Wednesday advising that the acquisition offer remains on the table.
In his statement Baazov confirmed that an equity commitment letter delivered to him regarding KBC Aldini financing support had been provided without the Dubai-based companys knowledge, and that KBC has not committed to any financial arrangement.
Our readers will recall that KBC complained to the Securities and Exchange Commission that its name had been amongst four financial backers allegedly supporting Baazovs acquisition run on Amaya.
Baazovs statement confirmed that his intentions regarding the acquisition of Amaya remain, asserting:
"Baazov intends to obtain replacement financing and still currently intends to acquire Amaya on the terms previously disclosed by him on November 14, 2016."
The statement gave Amaya shares, which had dropped by almost 7 percent following news of the KBC complaint, a 2.5 percent boost Wednesday.
The Globe and Mail newspaper carried an interview with KBCs chief executive, Kalani Lal, in which he said that he had no idea of "who Amaya is" and reiterated that there had been no financial commitment by his company, "nor have we had any discussions or any type of verbal communication."
The SEC and the AMF (Quebecs securities regulator) have both declined to comment on the issue when approached by media.
Amaya has confirmed that it is still studying the Baazov offer.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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