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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.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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