Thursday, September 22, 2016

Amaya CEO Officially Steps DownNO Deposit bonus $43

Amaya 2Amaya Gaming, owner of the PokerStars platform, said Friday that former CEO David Baazov has resigned “from all positions” with the corporate. Baazov took a voluntary leave of absence from his positions as CEO and board chairman following insider trading charges that were made public in March.

Baazov pleaded not guilty to the costs stemming from the alleged use of privileged information when trading company shares between December 2013 and the June 2014 deal to procure PokerStars, the world’s largest poker site, for $4.9 billion.

Rafi Ashkenazi, who was appointed interim CEO in March, is now on the helm of Amaya “on an enduring basis,” the corporate said. Baazov had remained president and a board member. “I am happy with my contributions in building Amaya into the successful company it's today, and remain supportive of its strategy and management,” Baazov said in a statement.

Also on Friday, Amaya announced financial results from the second one quarter of 2016. The company’s real-money online poker revenue for the quarter was $215.6 million, which was virtually flat year-over-year. Total company revenue was $285.9 million for Q2, up 10.2 percent year-over-year.

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