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BAAZOV ABANDONS TALKS TO ACQUIRE AMAYA
BAAZOV ABANDONS TALKS TO ACQUIRE AMAYA (Update)
Alleges some shareholders were demanding too high a premium.
David Baazov, the former CEO of the Amaya Group and prospective multi-billion-dollar buyer of the company, announced Tuesday that he has ended acquisition talks, claiming that some Amaya shareholders were demanding too high a premium.
Reporting on the end of the acquisition initiative, the Reuters news agency says that the news was greeted with an immediate 3 percent decline in Amaya's share price, taking it down to Cdn$14 levels.
Our readers will recall that Baazov offered to buy the Amaya in mid-November for Cdn$24 a share in a deal valued at about Cdn$4.1 billion. Including debt and transaction costs, the deal was for Cdn$6.7 billion.
His financing arrangements for the deal came into sharp focus when one of his alleged backers, KBC Aldini Capital denied its involvement.
Baazov said he would find a new financial source in addition to his confined backers, the Head & Shoulders Global Investment Fund, Hong Kong-based Goldenway Capital and Ferdyne Advisory, which is registered in the British Virgin Islands.
William Hill plc and GVC Holdings plc have in the recent past been linked to unsuccessful acquisition approaches regarding Amaya.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
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 -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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