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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.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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