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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.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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