David Baazov, the founder of Amaya and the man responsible for guiding the company’s purchase of PokerStars from the Scheinberg family in 2014, has found himself at the center of another controversy as he attempts to take the company private.

Just days after being charged with insider trading, David Baazov has taken an indefinite paid leave of absence from his role as Amaya Chair CEO to deal with the allegations. He will remain a member of the board of directors.

In the middle of June 2014, Amaya Gaming bought the Rational Group, the parent company of PokerStars and its sister site, Full Tilt Poker, for $4.9 billion. Amaya’s stock, which is traded in Toronto under the symbol ‘AYA’, increased in value by 50% in the days leading up to the transaction, prompting an investigation by […]

In mid-2014, Amaya Gaming bought PokerStars and Full Tilt in a deal worth $4.9 billion, changing the online poker industry forever. Soon, there could be another upheaval for the company, this one led by its CEO.

According to iGaming Business and other news outlets, Amaya Gaming Chairman and Chief Executive David Baazov purchased 110,000 common shares of his company’s stock for a total price of $1.7 million. The news comes just two weeks after Amaya’s shares dipped by 28% in a single day.

In December, Canadian officials raided the offices of Amaya Gaming, the previously fairly anonymous online gambling firm that announced a $4.9 billion deal to purchase PokerStars and Full Tilt Poker six months earlier.

If you think Amaya Gaming, which owns PokerStarsand Full Tiltand is reportedly in talks to buy bwin.party, is going to explode in value, now is your time to cash in. This week, Amaya was green-lit for listing on the NASDAQ Global Select Market. Its shares will begin trading on June 8.

During the announcement of the company’s financials for the previous year, Amaya GamingChief Executive Officer David Baazov(pictured) announced an extremely optimistic outlook in New Jersey and globally due to new innovations.

In an article that eGaming Reviewpublished on Friday, Amaya CEO David Baazov (pictured) reiterated his company’s commitment to an online casino and sports book following the acquisition of the Rational Group, the parent company of PokerStars and Full Tilt Poker. The transaction officially closed earlier this month, well ahead of schedule.

On Thursday, Amaya Gaming made the stunning announcement that it would acquire PokerStars, Full Tilt Poker, and parent company Rational Group in a $4.9 billion deal. With the exception of a few rumors, the agreement came virtually out of the blue, and many found it hard to believe that the Canadian firm would be able […]