Mr. Baazov will be fully exonerated. In 2014, the company bought Isle of Man-based Rational Group, the owner of PokerStars for US. 7600 TransCanada Hwy. Former Amaya Inc. Subsequent to that announcement, the Board became aware of a decision of the [BDR], the administrative tribunal in Quebec that hears certain AMF applications, which discloses additional AMF investigations into the alleged conduct of Mr. Gerzel Baazov (Georgian: გერცელ ბააზოვი) (October 28, 1904 – September 12, 1938) was a Georgian Jewish poet and playwright who fell victim to Joseph Stalin’s Great Purges. 48 billion. Jonathan Ahdoot - DirectorMr. Engaged with Mr. The Special Committee’s mandate also includes responsibility for investigating allegations made by the Autorité des marchés financiers (AMF) with respect to Mr. Baazov that it or its advisors believes is capable of resulting in a completed transaction. Baazov notified the Board on January 31, 2016 of his intention to make a proposal to acquire Amaya for C$21 per common share in cash. Baazov. Mr. (a) This 13D is filed by Mr. David Baazov (the “Reporting Person”). Baazov will be filing an early warning report in accordance with applicable securities commissions, a copy of which will be available under Amaya’s profile on SEDAR at and may also be obtained by contacting Riyaz Lalani, the Chief Executive Officer of Bayfield Strategy, Inc. In other words, Mr. Mr. (NASDAQ: AYA; TSX: AYA) today announced that Chairman and Chief Executive Officer, David Baazov, is taking an. MONTREAL — David Baazov is taking an indefinite paid leave of absence as CEO and chairman of Amaya Inc. MONTREAL, Canada – February 1, 2016 – Amaya Inc. Earlier in 2016, Canadian gambling operator Amaya Inc. Baazov and five other co-accused have expressed exasperation with a securities watchdog they say has consistently failed to disclose the evidence against them in a timely manner. About Cantech Letter . Amaya (AYA) stock closed down on Wednesday after the company's CEO David Baazov was charged with insider trading. “As Mr. Baazov is taking this leave voluntarily to focus on preparing an offer to acquire Amaya and to avoid a. President and Chief Executive Officer. Baazov, the boss of Montreal-based Amaya is in talks with unnamed backers to buy […] David Baazov, Chairman and Chief Executive Officer, of Amaya Inc. David Baazov in Court File No. His focus in the early years was mainly on interest rate. Mr. 2% stake in the Canadian online gambling company. The allegations made in the class action have not been proven and are contested by Mr. Amaya's financial adviser, Barclays Capital. 31 attempted bid, which had almost no information. and no discussions have commenced between Mr. Something has changed and Mr. 9-billion takeover bid for PokerStars, a. Founded in 2008 by Nick Waddell, Cantech Letter is an online magazine dedicated to Canadian tech stocks and startups. Carter has previously been Director of Research at Deutsche Bank. David Baazov. Baazov denies the allegations against him, and Amaya believes they are without merit and expects Mr. fueled by Mr. (AYA) Q4 2015 Results Earnings Conference Call March 14, 2016 5:30 PM ETExecutivesDavid Baazov - Chairman and CEODaniel Sebag - CFOAnalystsChad Beynon - MacquarieEyal Ofir -. F. On April 16th, 2016, gambling industry portal CalvinAyre. Baazov decide to make an dDavid Baazov. Baazov immediately denied the allegations and, in a statement, Amaya said it "believes they are without merit and expects Mr. Baazov will remain a member of Amaya’s board of directors. Baazov was a major shareholder of Amaya and acted at times as its President, CEO, and Chairman of the Board, Secretary and Treasurer. Baazov’s, Amaya’s, the Defendants’ and by certain third other parties’ misconduct, which artificially drove Amaya’s share price upwards with a -6- view to facilitate the PokerStars acquisitionand subsequent sales by insiders and others; 19. Baazov and Amaya with respect to any particular transaction," said a. (AYA, AYA. This isn’t the first time Amaya has considered a prospective takeover deal since acquiring PokerStars. , and Section 5(a) of the FTC Act, 15 U. Amaya is looking to sell itself at a time when the share price sits near post-acquisition lows. C. , d/b/a Incentive International, Incentives International, and Pegasus Industries, had deceptively telemarketed prize promotions to U. Baazov undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information. CHRISTINNE MUSCHI/Reuters. 00 per common share. , announced on Nov. Dubai-based investment fund KBC Aldini Capital Ltd. Amaya said in a press release that “Baazov denies the allegations against him, and Amaya believes they are without merit and expects Mr. An official bid for the online gaming operator was expected to be made towards the end of February. S. The former chief executive of online-gambling giant Amaya offered to take the company private in a deal that values the firm at roughly $2. THE CANADIAN PRESS/Ryan Remiorz. ) proposal to privatize Amaya Inc. Baazov. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The OSC’s civil settlement with Mr. It actually was established last night that the Autorité des marchés financiers (AMF), known to be Quebec’s securities regulator, possess billed Mr. A Macquarie research analyst, Chad Beynon, said that he thought a lot of groups would like to have this business, and stated that Mr. Baazov’s group for the purposes of evaluating and possibly making an offer. In 2010, Mr. 25-million worth of Amaya shares, the AMF says. The hole that former Amaya CEO David Baazov finds himself in just keeps getting deeper, with allegations emerging this week that he is being sued for embezzlement in connection with a Kenyan lottery which didn’t receive the $707,000 which it was promised. Gadhia as chair. – owner of the PokerStars online. Baazov, a complete unknown in the online gambling world, took Amaya public for $1 a share. (“Amaya” or “TSGI”), who acquired securities of Amaya between February 1st , 2016 and November 21st, 2016 (“Class. Baazov continues to own Common Shares for investment purposes and may, from time to time, dispose of some or all of the existing securities he owns or will own, or may continue to own his current position depending on market and other conditions and regulatory. Mr. Baazov and any expressions of interests made by third parties if and when any such offers or expressions of interest are made. Altman, conspired to try to pump up the price of Amaya stock before the takeover. Sebag were part of the investigation by the Autorité des. Mr. March 29, 2016, Montreal – Amaya Inc. The syndicate source said that Mr. Despite Amaya’s financial frailty in late 2013, Mr. Mr. Mr. Former Amaya Inc. This isn’t the first time Amaya has considered a prospective takeover deal since acquiring PokerStars. Mr. David Baazov, president, CEO, board chairman and a significant shareholder of Amaya, is facing five charges “for aiding with trades while in possession of. Baazov and others which are beyond the scope of the charges and of the internal investigation referred to. (c) The Reporting Person’s principal occupation is Chairman of the Board of Directors and Chief Executive Officer of the Issuer. Of the 145. Baazov’s, Amaya’s, the Defendants’ and by certain third other parties’ misconduct, which artificially drove Amaya’s share price upwards with a -6- view to facilitate the PokerStars acquisitionand subsequent sales by insiders and others; 19. David Baazov. at 357 Bay St #502, Toronto, ON M5H 2T7, telephone. In February, Mr. Baazov has recently advised Amaya that he continues to intend to make an offer to acquire the company. Baazov said. , Quebec’s watchdog saidDavid Baazov and a group of investors announced Monday their interest in paying $21 per share in cash, 40 per cent above Friday’s closing price. (c) The Reporting Person’s principal occupation is Chairman of the Board of Directors and Chief Executive Officer of the Issuer. In a June 25, 2014 email, Isam Mansour sent an. Gadhia has been an Amaya director since 2010, is the Board's Lead Independent Director and is Chair of the Special Committee of independent directors established on Feb. Baazov decide to make an dMr. Altman accompanied Mr. Any forward-looking statement speaks only as of the date hereof, and Mr. Earlier in 2016, Canadian gambling operator Amaya Inc. Baazov's $24-per-share offer isn't lucrative enough should consider whether the company truly has the earnings power they think it does. To date Amaya has not received an offer from Mr. ” “Operations. Baazov is innocent of any wrongdoing and is eager to present his defence," he wrote in an email. He proposed to acquire the company he had found himself for the. (“Amaya” or “TSGI”), who acquired securities of Amaya between February, 2016 and November 21, 2016 (“Class Period”). Baazov, who stepped down as CEO in August, surprised analysts and investors last week when he announced that he was leading a proposal to take Amaya private at $24 (Canadian) a share, a. Although the company confirmed that,. Baazov, his childhood friend Benjamin Ahdoot and Yoel Altman, a consultant who advised on Amaya deals, with insider trading and. Lal told Canadian newspaper Globe and Mail that he had no knowledge of Amaya’s. The class action is brought on behalf of investors in securities of Amaya Inc. Baazov made an official offer for the Canadian gambling business in mid-November. fueled by Mr. Judge Leblond has said efforts will be. Monday Majors: Karan Radia Wins Adda52’s Iron Man; Amandeep Singh & Nishant Pandey Headline NPS Day 1 WinnersAbout Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The allegations made in the class action have not been proven and are contested by Mr. It turned Mr. In February, Amaya CEO David Baazov floated the idea of an all-cash offer. (Nasdaq: AYA) announced that Chairman and Chief Executive Officer, David Baazov, is taking an indefinite paid leave of absence from the company, effective yesterday. 2 min to read. Mr. chief executive officer David Baazov allegedly used a front to disguise trades in stock of the online gaming company ahead of its $4. In February, Amaya CEO David Baazov floated the idea of an all-cash offer for Amaya. Mr. , owner of the PokerStars online gambling business. Baazov was placing a much higher valuation on the company than the industry. Baazov continues to own Common Shares for investment purposes and may, from time to time, dispose of some or all of the existing securities he owns or will own, or may continue to own his current position depending on market and other conditions and regulatory. PokerStars continued its campaign to increase transparency in its operations and instill additional understanding. Nathalie Bensmihan, on the one hand, and Mr. Authorized to Receive Notices and Communications) April 7, 2011Any forward-looking statement speaks only as of the date hereof, and Mr. ” Ashkenazi, who began working as a COO for Rational Group, which operates PokerStars and Full Tilt, in 2013, took over. Amaya CEO David Baazov attends the company's annual general meeting in Montreal, in a June 22, 2015, file photo. Mr. 95 on the TSX. Sophie Melchers didn't ask the. Mr. Baazov's bid for Amaya. MONTREAL — The lawyer for the former CEO of online gambling giant Amaya urged a securities tribunal on Thursday to soften its characterization of David Baazov's alleged leading role in the insider information case launched by Quebec's securities regulator. The special committee will consider any offer made by Mr. The AMF had alleged Mr. Baazov, who had built Amaya into a multibillion-dollar online gambling juggernaut, came a little more than two years after the company announced its $4. Amaya Inc <AYA. Mr. Baazov remains in possession of about 17. Montreal, Quebec, February 1, 2016 – David Baazov, Chairman and Chief Executive Officer of Amaya Inc. However, the insider trader charges interrupted this deal. But although it was a. Baazov has repeatedly. As previously disclosed, the Special Committee has appointed Barclays Capital Canada. S. Baazov, "I am proud of my contributions in building. provided financial advice and became a close friend to Mr. Baazov had not spoken to the media in the interim. Mr. Baazov’s proposal,. Baazov disposed of the above 7,000,000 Common Shares for investment purposes. The site features contributions from some of Canada's top technology analysts and thought leaders. Mr. As one might expect, Baazov would not be fronting all of the capital required to buy the company. The online gambling market. Under Mr. Amaya said Baazov is taking the leave voluntarily to focus on his response to allegations against him. 29 Mar, 2016, 07:25 ET MONTREAL, March 29, 2016 /PRNewswire/ - Amaya Inc. Mr. Amaya has been notified that Amaya’s Executive Vice President, Corporate. A former Kenyan MP accused Amaya Gaming Group (now The Stars Group) and its founder, businessman David Baazov, of misappropriating billions of Kenyan. Mr. Baazov disposed of the above 7,000,000 Common Shares for investment purposes. In other words, Goldenway Capital’s interest in buying Amaya has not diminished or disappeared completely after Mr. Amaya, with the assistance of its advisors, continues to carefully assess Mr. David Baazov already facing "privileged information" charges Edition : International Go to LatinoaméricaThe Special Committee has not received an offer from Mr. We note the disclaimers by the financial advisors appearing on the facing page of the offer document. The private equity firm’s CEO, Kalani Lal, denied on Tuesday any involvement in the deal. H9R 1C8 (514) 744-3122 (Name, Address and Telephone Number of Person. Baazov stated that the soon to be formed entity is willing to pay $200 million of the $400 million deferred purchase price that. Baazov's. The special committee has also engaged Blake, Cassels & Graydon LLP as its legal advisor in connection with the notice received from Mr. 6 million shares, or approximately 12. Baazov will remain a member of Amaya's board of directors. A separate non-penal case was also opened against other associates of Mr. (a) This 13D is filed by Mr. JD 2919 1 CQLR, c. 56 million common shares available, Mr. Carter has previously been Director of Research at Deutsche Bank. 34 on Friday. Mr. The board says it will consider Mr. Baazov will remain a member of Amaya's board of directors. Baazov will remain a member of Amaya’s board of directors. An official bid for the online gaming operator was expected to be made towards the end of February. The Board has appointed Divyesh Gadhia as Interim Chairman, and Rafi Ashkenazi as Interim CEO. EDUARD BAAZOV and SENESCHAL (US) INC. has cast a gloomy shadow over David Baazov’s C$3. Response to Media Report . (b) The Reporting Person’s residence address is c/o Amaya Inc. As chief executive of Montreal’s Amaya Gaming Group Inc. Baazov has recently advised Amaya that he continues to intend to make an offer to acquire the company," Amaya stated on Tuesday. The plan to offer $21 a share – a 40-per-cent premium at the. Mr. Implemented processes and restrictions and established guidelines regarding the ongoing management of Amaya in. The other day, it had been stated that Mr. Baazov has recently advised Amaya that he continues to intend to make an offer to acquire the company. Baazov and Ms. The new accounts were opened in Mr. citizens in violation of the Telemarketing Sales Rule, 16 C. Baazov or any other party may make, Amaya’s review of strategic alternatives has concluded. The second annual Cantech Investment Conference, "Cantech 15" will put the spotlight squarely on Canada's next-generation of technology leaders. Baazov in settling the terms under which confidential information regarding Amaya would be made available to Mr. MONTREAL, Canada – November 22, 2016 – Amaya Inc. Baazov is taking this leave voluntarily to focus on preparing an offer to acquire Amaya and to avoid a distraction for the company while he responds to certain allegations made against him by the Autorité des marchés financiers (AMF), the securities regulatory authority in Quebec. The detail was revealed during arguments by Mr. About Cantech Letter Founded in 2008 by Nick Waddell, Cantech Letter is an online magazine. The Board established the Special Committee after Mr. Canada's tech scene has been transformed by the. 7600 TransCanada Hwy. (NASDAQ: AYA; TSX: AYA) confirms that it is aware of today’s media report regarding David Baazov’s proposal that he publicly reported on November 14, 2016. Mr. Mr. (NASDAQ: AYA; TSX: AYA) confirmed today that it has received a non-binding indication from its Chairman and Chief Executive Officer, David Baazov, that he intends to make an all-cash proposal to acquire Amaya at a price currently estimated by Mr. The AMF says it was a sophisticated system through which kickbacks were paid in exchange for tips on several impending takeover deals. Amaya says it still hasn't received a formal bid or offer from Mr. Mr. Autorité des marchés financiers (AMF), known to be the security regulator of the Canadian province of Quebec, revealed today that it has filed 23 charges, following a trading investigation into gambling operator Amaya Inc. Amaya produces gaming. Baazov and his co-accused do not have the right to a trial in English because these are penal proceedings under provisions of Quebec's securities act. Mr. Baazov’s employment agreement contains standard non-solicitation provisions which survive one year following termination of employment, and standard confidentiality obligations which survive indefinitely. In view of KBC's claims, Mr Baazov challenged the jurisdiction of the DIFC Court on grounds of forum non conveniens, contending that, because: (i) Mr Baazov was a Canadian resident; (ii) the. On Wednesday, Baazov’s lawyer formerly filed a notice contesting. Baazov's enterprising success he was awarded with the prestigious 2011 Hot 50 Award, recognizing him as one of the most inspiring leaders working in the gaming arena. Commented Mr. 1 . at 357 Bay St #502, Toronto, ON M5H 2T7, telephone. TO>, an operator of online gambling websites, said on Wednesday it had tapped Moelis & Co to independently value the company in light of an anticipated takeover proposal from its. S. . (Amaya has since severed ties with Baazov, who is facing insider trading charges. Since starting Amaya's business in the mid-2000s, Mr. 2 . The defendant, Mr. has cast a gloomy shadow over David Baazov’s C$3. 2014, which Mr. Baazov's involvement in the offering "absolutely 110 per cent" had no bearing on the deal being yanked. Baazov. Baazov offered to buy Amaya for approximately $3. 2 min to read. (NASDAQ: AYA; TSX: AYA) today announced that Chairman and Chief Executive. (b) The Reporting Person’s residence address is c/o Amaya Inc. Exhibit 99. TO) said that Chairman and Chief Executive Officer, David Baazov, is taking an indefinite paid leave of absence from the company, effective yesterday. Following the announcement that David Baazov, founder and CEO of Canadian gambling giant Amaya Inc. Baazov Shareholders' Agreement" executed with Augentius (the "2014 Agreement"); (b) Enjoining Defendant Baazov, for a period of three (3) years from his termination with Augentius, from being concerned in establishing any new start-up business competing. 65-billion (U. Mr. , and. Amaya also confirms that the offer provides. 8-billion. Between 2003 and 2009, Mr. MONTREAL, Canada – November 14, 2016 – Amaya Inc. Amaya said on Tuesday that Mr. S. R. 11:49 01 Dec. “While February has come and gone, discussions with Mr. Baazov then opened new bank accounts in NIC Bank without the former lawmaker’s knowledge and stopped transferring money to the Equity Bank accounts. Baazov and his two co-accused want the case against them dismissed, saying the regulator has fumbled and mismanaged document disclosure so thoroughly that they can't be tried in reasonable time. Baazov disposed of the above 12,000,000 Common Shares for investment purposes. When reached by phone Thursday, Josh Baazov declined to speak, saying he was in a meeting. Baazov is using the debt obligation as leverage to entice Amaya toward his deal, offering to pay $200mm of the $400mm total if the company accepts his buyout offer. Mr. (AYA, AYA. 7 million. Baazov’s, and Mr. , now known as The Stars Group Inc. Baazov and others which are beyond the scope of the charges and of the internal investigation referred to in. The Special Committee’s mandate also includes responsibility for investigating allegations made by the Autorité des marchés financiers (AMF) with respect to Mr. The class action is brought on behalf of investors in securities of Amaya Inc. Lal told Canadian newspaper Globe and Mail that he had no knowledge of Amaya’s. The private equity firm’s CEO, Kalani Lal, denied on Tuesday any involvement in the deal. Then on Dec. For AMF head Louis Morisset, a failure to prove the charges against David Baazov and others could undermine his crusade to persuade the federal government to abandon its Conservative predecessor. Baazov has been categorical: He did not receive anything,” wrote Baazov’s spokesman, Ian Robertson, in an email. Baazov has indicated in a regulatory filing that he had recently begun preliminary discussions with a small number of potential investors and it was his intention, subject to certain. Baazov. Two years later, Mr. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()In the spring of 2016, the Amaya board named Mr. Mr. As of the time of the release, the special committee has neither received nor solicited a formal bid or offer related to a potential transaction and there can be no assurance that Mr. "Mr. 9 billion. No offer has been made so far although Mr. During his seven-year tenure during the monetary services company, he had been in charge of analyzing gambling industry trends . Mr. The alleged insider trading occurred while Amaya was being purchased by the Oldford Group for $4. , is facing insider trading charges, the company issued a statement, saying that it fully supports its Chief Executive and that the said charges are not likely to have any significant impact on its management as well as daily affairs and […]Shareholders leaving the meeting said no questions were asked after they were informed at the outset there would be no discussion of Mr. Baazov, 34, was raised in Montréal where he continues to live with his wife and four children. 1. At the end of 2016, all talks were off the table to buy this Canadian online gambling company. 1-billion (U. Founder of Ahaka, Inc. Mr. confirmed that founder, Chairman, and CEO David Baazov has expressed interest to take the company private. Cheng comes a little over a week after a Quebec judge threw out a quasi-criminal case alleging illegal insider trading and market manipulation by David Baazov. , claimed that four overseas equity backers had put up $3. Baazov. Baazov, 34, was raised in Montréal where he continues to live with his wife and four children. Amaya, Inc. 14. . The politician has sued NIC Bank and gaming firm’s officials, David Baazov, Daniel Sebag and Benjamin Ahdoot, accusing the lender of helping the Canadians to open accounts that were used to siphon Sh73 million meant for aid and his share of Sh600 million collected by the lottery. "Mr. Français. Both requested from the Swiss Authorities the exact same banking information related to accounts presumably held with the Hyposwiss Private Bank by the appellants and/or two. 9-billion (U. MONTREAL — The lawyer for the former CEO of online gambling giant Amaya urged a securities tribunal on Thursday to soften its characterization of David Baazov's alleged leading role in the insider information case launched by Quebec's securities regulator. Subsequent to that announcement, the Board becam e aware of a decision of the [BDR], the adm inistrative tribunal in Quebec that hears certain AMF applications, which discloses additional AMF investigations into the alleged conduct of Mr. 6 million common shares of Amaya, representing about 18. "It was a non-issue," the source said. , David Baazov is a businessperson who has been the head of 5 different companies and currently is Chairman at this company and Chairman, President & Chief Executive Officer of CryptoLogic Ltd. $3 10 et seq. Baazov disposed of 7,000,000 shares for a price of $19 per share or an aggregate […]"The particular form and structure of the transaction have not been determined, and no discussions have commenced between Mr. Baazov will remain a member of Amaya's board of. 1% of the company’s common stock. Baazov's Amaya, a gaming and online-gambling company, secured the backing of big-name Wall Street investor The Blackstone Group LP for an. , 7600 TransCanada Highway, Pointe-Claire, Québec H9R 1C8, Canada. Baazov. Mr. Baazov is a finalist for 2014 TSX Technology Executive of the Year at the Cantech Letter Awards dinner later in the evening. David Baazov, former Amaya Chief Executive and Chairman, announced on Tuesday that he has decided to abandon his bid to buy the online gambling company and take it private. Mr. He has since trained and mentored dozens of successful. Baazov for his contributions to Amaya since its inception and through its rapid growth, and looks forward to Mr. Amaya Inc. Former Amaya Chairman and CEO David Baazov has made an official bid to acquire the Canadian online gambling company for an offer price of C$24 per common share or the approximate amount of C$3. Mr. The stock price slumped, and although the company was the leading online poker platform with a $3. David Baazov Amaya Gaming Group Inc. Mr. 500-06-000859-179. CEO David Baazov has offloaded an 8. Amaya shares closed at C$18. Baazov said last month that he and an unnamed group of investors are mulling an all-cash takeover offer for all of the shares of Amaya at $21 a share. confirmed that founder, Chairman, and CEO David Baazov has expressed interest to take the company private. The Board has appointed Divyesh (Dave) Gadhia as Interim Chairman, and Rafi Ashkenazi as Interim CEO. CEO, Amaya Inc. V-1. Mr Baazov’s approach comes after the company, the world’s largest operator of online poker by number of users, pulled out of talks with William Hill over a £4. Baazov. 6-billion bid to buy Canadian gambling giant Amaya Inc. Ashkenazi’s continued success in leading the execution of Amaya. Baazov announced that he and a group of investors intended to buy Amaya back from shareholders for $2. Tang began buying Amaya shares shortly after Mr. Baazov was being investigated by the AMF shortly after the Canadian online gambling company acquired PokerStars and Full Tilt Poker. Mr. Mr. Mr. 1,. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The Special Committee continues its review of strategic alternatives and remains focused on its goal of determining the best outcome for Amaya and its shareholders. Amaya Inc <AYA. 9 billion. 1. Despite Amaya’s financial frailty in late 2013, Mr. Mr. Baazov departed in August. “Mr. Baazov's intentional misrepresentations in relation to his plan to acquire the shares of Amaya. David Baazov Announces Intention to Acquire Amaya . Baazov’s influence on the future of online gaming via Amaya and further confirms his standing as a prominent figure. One month earlier, on March 23rd, the AMF had announced their intention to charge Baazov with 5 counts of. Baazov for his contributions to Amaya since its inception and through its rapid growth, and looks forward to Mr. The news came with another shocking revelation that Kalani Lal, the founder and President of KBC Aldini Capital Limited laid out a legal case. Despite Amaya’s financial frailty in late 2013, Mr. Dubai-based investment fund KBC Aldini Capital Ltd. Unlike his previous Jan. Rothstein acquired 700 shares in an account held in trust for his children, then sold them two days later make a quick profit of $5,507. Baazov sold off 7 million shares in the company in March, followed by 12 million more shares in early April. 500-06-000859-179 PAGE: 2 [2] In the Motion, Amaya Inc. In all, Diocles bought at least $2. David Baazov's $4. 9-billion (U. Baazov setting out the terms. Mr. David Baazov played loose with the company’s corporate disclosure policies ahead of its acquisition of Cryptologic Ltd. According to Amaya, the former CEO’s disposition was necessary to secure a restructuring of some of its first-lien loans. Baazov contests the motion. Amaya Gaming Group Inc. 2 min to read.