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Amaya announces Board Changes

AMAYA BOARD CHANGES ANNOUNCED
 
But little else is disclosed following secretive meeting with shareholders.
 
Amayas much commented upon secretive meeting with shareholders in Montreal this week has been followed by an announcement regarding changes to the online gambling groups board of directors.
 
Serving directors Divyesh Gadhia, Harlan Goodson, Aubrey Zidenberg and Wesley Clark were all re-elected, whilst Alfred Hurley Jr. and David Lazzarato become new members.
 
Gadhia is to chair the board.
 
The company advised that Lazzarato, Goodson and Hurley will serve as members of the Audit Committee of the board, with Hurley, Gadhia and Goodson also becoming members of the Corporate Governance, Nominating and Compensation Committee of the board.
 
The Amaya statement also updates interested parties on the activities of its Special Committee overseeing a review of strategic alternatives, and the position of David Baazov, Amayas CEO who  has taken leave of absence whilst insider trading charges laid against him by the Quebec securities authorities are resolved.
 
Baazov and his allies are among the reportedly several acquisition offers that have been made for Amaya, although confidentiality agreements prevent the official disclosure of further details whilst due diligence processes are underway (see previous InfoPowa report).
 
In its latest statement the company undertook to keep its shareholders informed of developments, but explained that their interests at present are best served by maintaining confidentiality.

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Gambling News :

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

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