Edition:
United States

Amaya Inc (AYA.TO)

AYA.TO on Toronto Stock Exchange

18.31CAD
20 Jan 2017
Change (% chg)

$0.57 (+3.21%)
Prev Close
$17.74
Open
$18.34
Day's High
$18.43
Day's Low
$18.11
Volume
288,927
Avg. Vol
344,578
52-wk High
$23.41
52-wk Low
$13.71

Latest Key Developments (Source: Significant Developments)

Amaya sees FY 2016 adj earnings per share $1.87 to $1.92
Friday, 20 Jan 2017 07:30am EST 

Amaya Inc : Amaya provides updated full year 2016 guidance and related highlights; announces retirement of chief financial officer . Says CFO Daniel Sebag to retire . Board of directors has retained spencer stuart to advise board and launch a global CFO search . Amaya Inc now sees 2016 revenues at high end of previous range and between $1,153 and $1,158 million . Sees FY 2016 adjusted earnings per share $1.87 to $1.92 . Amaya Inc sees now 2016 adjusted EBITDA above previous range and between $521 and $526 million .FY2016 earnings per share view $1.77, revenue view $1.11 billion -- Thomson Reuters I/B/E/S.  Full Article

Amaya announces financing plan for about $197.7 mln balance of deferred purchase price for Rational Group acquisition
Monday, 9 Jan 2017 07:55am EST 

Amaya Inc : Amaya provides update on rational group deferred payment . Amaya - to pay remaining balance of deferred purchase price over 2017 from unrestricted cash on its balance sheet and cash flow from operations .Announced its financing plan for approximately $197.7 mln balance of deferred purchase price for its acquisition of rational group.  Full Article

Amaya confirms termination of discussions with former CEO to acquire company
Tuesday, 20 Dec 2016 07:13am EST 

Amaya Inc :Amaya confirms termination of discussions with former CEO to acquire company.  Full Article

David Baazov terminates discussions to purchase Amaya Inc
Tuesday, 20 Dec 2016 07:00am EST 

Amaya Inc : David Baazov says he has terminated his proposal to purchase Amaya Inc .David Baazov announces termination of discussions to purchase Amaya.  Full Article

Amaya's David Baazov enters into amended binding equity commitment letters
Friday, 25 Nov 2016 07:13am EST 

Amaya Inc : David Baazov enters into amended binding equity commitment letters with head and shoulders global investment fund and affiliates related to offer for Amaya .David Baazov - each of the equity financing sources has committed to contribute capital to a to-be-formed special-purpose vehicle for purpose of acquiring Amaya.  Full Article

Amaya says continues to carefully assess David Baazov's proposal
Tuesday, 22 Nov 2016 08:17pm EST 

Amaya Inc :Says continues to carefully assess Baazov's proposal.  Full Article

Amaya Inc says confirms potential merger talks with William Hill
Friday, 7 Oct 2016 06:00pm EDT 

Amaya Inc : Amaya has been undertaking a review of its strategic alternatives since february 2016 . Discussions are ongoing and there can be no certainty that an agreement will be reached . Boards of William Hill PLC, Amaya Inc note recent press speculation and confirm that they are in discussions regarding potential all share merger . Board of William Hill evaluating options to accelerate William Hill's strategy of increasing diversification . Potential merger would be consistent with strategic objectives of both William Hill and Amaya . Potential merger would be classified as a reverse takeover . Citigroup global markets limited is acting as financial adviser to William Hill .Barclays Bank Plc is acting exclusively for Amaya.  Full Article

Amaya says all candidates proposed as directors were duly elected to board
Tuesday, 28 Jun 2016 03:47pm EDT 

Amaya Inc : All candidates proposed as directors were duly elected to board of directors of Amaya . Special committee continues its review of strategic alternatives .Board appointed Divyesh Gadhia to serve as chairman of board.  Full Article

Amaya reports Q1 revenues of $288.7 mln versus $272.3 mln
Monday, 16 May 2016 05:08pm EDT 

Amaya Inc : Qtrly revenues $288.7 million versus $272.3 million . Qtrly diluted earnings from continuing operations per common share $ 0.28 . Qtrly adjusted net earnings per diluted share $ 0.43 . For month of april 2016 , amaya estimates that unaudited consolidated revenues were approximately $96 million . Special committee's review of strategic alternatives is active and ongoing . CEO David Baazov and Daniel Sebag , Amaya's CFO, have advised board that they will not be standing for re-election as directors . Q1 earnings per share view c$0.50, revenue view c$378.6 million -- Thomson Reuters I/B/E/S .Amaya reports first quarter 2016 results.  Full Article

Amaya Inc sued in U.S. after CEO is charged with insider trading - Reuters News
Thursday, 31 Mar 2016 07:59pm EDT 

Amaya Inc:Amaya Inc was sued on Thursday by a U.S. investor who accused the Canadian gambling website operator of defrauding shareholders by concealing insider trading conducted by its chief executive. - RTRS.In a proposed class-action complaint filed in the U.S. District Court in Manhattan, the plaintiff, Harvey Weisman, said Amaya should have revealed trades made by Chief Executive David Baazov, and failed to properly disclose deficiencies in its internal controls.Weisman, who lives in Maryland, said Amaya's share price was inflated while Baazov's trades were concealed.His lawsuit seeks to recoup losses for investors who bought Amaya shares between June 8, 2015, and March 23, 2016.Baazov and Daniel Sebag, Amaya's chief financial officer, were also named as defendants. The Pointe-Claire, Quebec-based company did not immediately respond to requests for comment.Amaya's shares tumbled last week after Quebec's securities regulator, l'Autorité des Marchés Financiers, charged Baazov with insider trading, stemming from a probe that followed Amaya's 2014 purchase of the owner of PokerStars.It is common for U.S. securities fraud lawsuits to be filed against companies whose share prices tumble after negative news becomes public.  Full Article

Photo

Amaya raises 2016 adjusted profit forecast

Canada's Amaya Inc raised its 2016 adjusted profit forecast, citing better-than-expected results in the fourth quarter ended Dec. 31, helped by its casino games and a successful relaunch in Portugal.