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Pokerstars CEO Cuts Ties
BAAZOV SEVERS TIES WITH AMAYA
Suspension becomes permanent departure as Rafi Ashkenazi confirmed in post of CEO.
This weeks surprise announcement came from Amaya, which reported that its suspended CEO, David Baazov, has left the company altogether and that interim chief exec Rafi Ashenazi has accepted the post as a permanent position.
Our readers will recall that Baazov voluntarily took suspension at the beginning of this year as he fought to clear his name on insider trading charges levelled by the Quebec securities authorities.
Baazov has resigned all of his positions with Amaya, but has in the past intimated that he is assembling partnerships with a view to making an offer for the company. Amaya has revealed that it is still considering its options in this regard.
Baazov commented on his departure in a statement, saying:
“I am proud of my contributions in building Amaya into the successful company it is today, and continue to be supportive of its strategy and management.”
Amayas second quarter results were also posted this week, showing an imprssive jump in net earnings, along with a 24.5 percent hike in adjusted earnings and a 10 percent rise in revenue calculated in US currency.
The companys adjusted earnings rose to $89.7 million or 46 cents per share from $72.1 million or 36 cents per share in the comparative period in 2015.
Real-money online poker revenue for the quarter was generally stable y-o-y at $215.6 million, whilst online casino and sportsbook revenue represented 21 percent (Q2-2015: 12 percent) of total quarterly revenue of $285.9 million (up 10.2 percent year-on-year). Pokers contribution to group revenue fell from nearly 90 percent last year to 75 percent this year.
The half-year 2016 performance of the company shows an 8 percent rise in group revenue to $5.7 billion, and EBITDA up 12 percent at $253 million, with customer registrations rising by 1.9 million to 103 million.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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