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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 :

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

Rooster Slot Launches - “Rooster” offers 243-ways-to-win along with a big chase in the free games bonus round, where all 5-of-a-kinds are multiplied by the lucky number 5!

Scientific Games Completes DEQ Systems Corp Acquisition - Scientific Games has completed its acquisition of table games product developer DEQ Systems Corp after a deal was announced at the end of August 2016 .

Asia Gaming To Showcase Live Dealer Action - Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.

25 Unlicensed Gambling Operators still in Czech Republic - Ondracka claims that the Finance Ministry has not been "resolute" in acting against the illegal operators, who he says include major companies.

2017 Aussie Millions Event 6 - Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.

2017 Ice Totally Gaming - Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.

Prince Edward Island Writes off Casino venture as Bad Debt - The debacle has resulted in stricter financial disclosure rules being introduced with which government ministers and their departments will have to comply - especially regarding loan and other write-offs of taxpayer monies.

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