Saturday, March 19, 2016

Amaya's David Baazov charged by AMF


David Baazov
The Autorité des marchés financiers (the "AMF") has filed penal proceedings consisting of 23 charges against David Baazov, Benjamin Ahdoot, Yoel Altman, Diocles Capital inc, Sababa Consulting inc. and 2374879 Ontario inc.

More specifically, David Baazov, president, CEO, board chairman and a significant shareholder of Amaya inc., is facing five charges, in particular 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. Benjamin Ahdoot and Yoel Altman are facing, respectively, four and six charges, in particular for trading while in possession of privileged information and influencing or attempting to influence the market price of the securities of Amaya inc.

David Baazov had said he was making a formal offer for Amaya
Diocles Capital inc. is facing five charges of trading while in possession of privileged information and influencing or attempting to influence the market price of the securities of Amaya inc. Sababa Consulting inc. and 2374879 Ontario inc. are facing a total of three charges for trading while in possession of privileged information. Based on the AMF's investigation, the respondents are alleged in particular to have used, between December 2013 and June 2014, privileged information pertaining to the securities of Amaya inc. for trading purposes. As well, a few of the respondents are alleged to have conspired to commit some of the offences.

http://www.vancouversun.com/business/cnw/release.html?rkey=20160323C1720&filter=4005&__lsa=1e3d-948c
Amaya Gaming Group Inc. - AYA.t provides a full suite of gaming products and services including casino, poker, sportsbook, platform, lotteries and slot machines.

Some of the world’s largest and best known gaming operators and casinos are powered by Amaya’s online, mobile, and land-based products.