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Amaya CEO Steps Down

AMAYA’S EMBATTLED CEO TEMPORARILY STEPS DOWN (Update)

Takes voluntary indefinite paid leave.

Chairman and chief executive officer of Amaya Inc., David Baazov has stepped down temporarily taking an indefinite paid leave of absence in the wake of numerous charges laid against him by the Quebec securities regulatory authority, Autorité des marchés financiers (AMF).

Baazov will use the time to further developments regarding an offer for the company  while also preparing a response to the allegations levied by the AMF.

In light of this development, Divyesh (Dave) Gadhia will assume the role of interim Chairman of Amaya Inc. and Rafi Ashkenazi as interim chief executive officer, the company said in a press statement. Baazov will remain a member of Amaya's board of directors.

In an update relating to the AMF charges against Baazov and numerous others, Amaya said its Board had become aware of additional AMF investigations into Baazov and others’ conduct which were not initially covered in the company’s own independent investigation.

“While none of these allegations have been proven, the Board takes them seriously and has expanded the mandate of the Special Committee to investigate these additional matters,” the statement reads.

In terms of the prospect of an acquisition offer for Amaya by Baazov, the company said “the Special Committee has a broad mandate to consider any proposal that may be made by Mr. Baazov, as well as other alternatives that may become available to Amaya.”

Those other alternatives reportedly include an undisclosed number of interested third parties who the Special Committee says it is in the process of negotiating agreements with in respect to the terms upon which they may have access to confidential information regarding the company.”
 
Included in the press release was a statement from David Baazov that said: ”As always, I continue to be dedicated to doing the right thing for Amaya and all its stakeholders. I believe that stepping down in the short term will help to avoid distraction for the company and its management while I vigorously contest all allegations made against me and pursue my bid to acquire the company,” Baazov said in the same company statement.

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Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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