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Amaya Inc (AYA.V)

AYA.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

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

Amaya Inc CEO Baazov goes on indefinite leave - Reuters News
Tuesday, 29 Mar 2016 07:37am EDT 

Amaya Inc:Amaya Inc Chief Executive David Baazov was taking an indefinite paid leave of absence, the Canadian gambling website operator said, a week after Baazov was charged with insider trading by Quebec's securities regulator. - RTRS.Charges against Baazov come about two months after Amaya said it had received a non-binding proposal from the chief executive to take the company private.Baazov is taking this leave voluntarily to focus on an offer to buy Amaya and to avoid a distraction for the company while he responds to the allegations against him by the securities regulator, Amaya said on Tuesday.  Full Article

Quebec regulator files insider trading charges against Amaya Inc CEO - Reuters News
Wednesday, 23 Mar 2016 08:22am EDT 

Amaya Inc:Quebec's securities regulator has filed insider trading charges against Canadian gambling website operator Amaya Inc's chief executive, David Baazov - RTRS.The charges are for "aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of the securities of Amaya Inc, and communicating privileged information," the regulator said on Wednesday.  Full Article

David Baazov announces intention to acquire Amaya
Monday, 1 Feb 2016 07:30am EST 

Amaya Inc:David Baazov intends to make an all-cash proposal to acquire Amaya at a purchase price presently estimated at C$21.00 per common share.Particular form and structure of the transaction have not been determined.David Baazov currently owns 24,564,047 common shares of Amaya, representing about 18.6%.  Full Article

Amaya Inc updates FY 2015 guidance
Thursday, 21 Jan 2016 06:00am EST 

Amaya Inc:Provided an update to its FY 2015 financial guidance as previously announced on Nov. 10, 2015.Says that it currently expects revenues, adjusted EBITDA, pro forma adjusted net earnings and pro forma adjusted net earnings per diluted share to each fall within the upper end of previously announced guidance ranges.  Full Article

Amaya Inc to Appeal Ruling by Kentucky Trial Court in Rare and Controversial Suit Brought Under Arcane 200-Year-Old Commonwealth Law
Thursday, 24 Dec 2015 03:38am EST 

Amaya Inc:Announced it will appeal a judgment issued yesterday by a state judge in the Commonwealth of Kentucky and will avail itself of any and all remedies available to it.The litigation was filed by the Commonwealth of Kentucky in 2010 and sought recovery of alleged losses by Kentucky residents who played real-money poker on PokerStars' website during a period between 2006 and 2011.In the decision, the judge imposed an approximately US$290 million award, which he trebled to approximately US$870 million excluding interest and applicable costs, in favor of the Commonwealth.The latest ruling is in stark contrast to the same trial court's decision just last month when it determined that damages should be based on the net losses of players.Yesterday's order applies a methodology that is not grounded in applicable law as it calculates damages based on gross losses of players without any reduction for winnings, bonuses or free play.  Full Article

Amaya Inc Acquires Victiv Daily fantasy sports site
Thursday, 13 Aug 2015 06:43am EDT 

Amaya Inc:Announces that it has acquired Victiv, an Austin, Texas based daily fantasy sports site that offers players the opportunity to build a roster of their favorite sports stars and compete for the chance to win real money.  Full Article

Amaya Inc completes $150 million sale of Chartwell and Cryptologic to NYX Gaming Group Limited
Friday, 31 Jul 2015 09:45am EDT 

Amaya Inc:Says completion of its sale of its B2B online gaming businesses, Amaya (Alberta) Inc. (formerly Chartwell Technology Inc.) and Cryptologic Limited to NYX Gaming Group Limited for $150,000,000.Total consideration for the Transaction was $150,000,000 on a cash-free and debt-free basis.Total of $110,000,000 of purchase price was paid in cash and the balance of the Purchase Price was paid through the issuance by NYX Digital of exchangeable preferred shares with a value of $40,000,000 as of the issuance date.As part of the Transaction and as previously announced by Amaya, a subsidiary of Amaya entered into a supplier licensing agreement with NYX Gaming Group Limited.  Full Article


PokerStars' owner Amaya says Baazov stepped down, profit beats

Amaya Inc , owner of gambling websites PokerStars and Full Tilt, said Chief Executive David Baazov, who was charged with insider trading by Quebec's securities regulator, stepped down on Thursday.