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Suspended Amaya CEO David Baazov has seen steady pay rises
CANADIAN MEDIA REVEAL AMAYA EXEC PAY PACKETS
Suspended CEO David Baazov has seen steady pay rises.
The Canadian newspaper MySask reports that the currently suspended CEO of the Amaya gambling group, David Baazov, enjoyed a 71 percent rise in salary last year to $1.04 million which included $41,227 in option-based awards.
Baazov is currently on voluntary suspension whilst he fights insider trading accusations by the financial regulator in Quebec. Baazov will have his day in court on September 7, the newspaper reports.
Quoting numbers from a regulatory filing ahead of Amayas annual meeting on June 28 this year, MySask revealed that Baazovs salary increase compares to $639,847 in 2014, when Amaya completed its US$4.9 billion acquisition of PokerStars and Full Tilt. Baazov also has equity in the company worth around $6.6 million.
Amaya earned $239 million on $1.37 billion in revenues last year, a turnaround from its loss of $7.5 million on $553.7 million in revenues a year earlier.
The terms of Baazovs contract were also covered in the filing, revealing that in the event of an unjustified dismissal he would be entitled to compensation of $6 million.
Chief financial officer Daniel Sebag, who is also leaving his position on the board, received $832,232 in compensation, up from $532,741 in 2014, the filing showed.
The current interim CEO of Amaya, Rational Group survivor Rafi Ashkenazi, saw his total compensation more than triple in 2015 to $2.14 million from $665,616.
Ashkenazi was not the only top executive from Rational Group who remained following the Amaya acquisition. Israel Rosenthal is still in-post and earned $1.85 million last year, whilst Michael Hazel, who has since departed with a $2.3 million golden parachute, earned a similar reward.
Danske Spil Bingo Moves to Microgaming -
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Quickfire live on Strendus -
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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 -
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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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