Baazov sells Amaya stock for $267.7 million

MONTREAL — The founder and former chief executive of Amaya Inc. has sold about two-thirds of his remaining shares in the Montreal-based owner of PokerStars, for a total of $267.7 million.

David Baazov received an average of $22.31 per share for the 12 million Amaya shares that he sold on Wednesday and Thursday.

Prior to this week’s sales, Baazov owned about 17.6 million Amaya shares — or 12 per cent of its common stock.

That drops to 3.8 per cent of Amaya’s shares following this week’s transactions, which were disclosed late Thursday.

It’s Baazov’s second large divestiture this month. He announced March 7 that had sold seven million Amaya shares at an average price of $19 per share, totalling $133 million.

Baazov had proposed early last year to buy Amaya and take it private, but walked away from the bid in December after running into legal problems.

He has pleaded not guilty to securities-related charges that were announced following an investigation into allegations of illicit trading by several close associates over a five-year period.

Just Posted

Relatives of murdered family critical of killers’ sentences

Open letter to sentencing judge criticizes ruling allowing killers to apply for parole in 25 years

City rolling out Green Carts

Green Carts used for organics, such as yard waste, food scraps and pet waste

New teaching standards applauded

New code of standards affecting teachers, principals and superintendents to kick in Sept. 1, 2019

Updated: Red Deer gets WHL Bantam Draft and Awards Banquet

WHL will holds its draft and awards ceremony in Red Deer for next three years

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Ottawa vows legislation allowing firms to settle corporate corruption

OTTAWA — The Canadian government is vowing to introduce legislation for corporate… Continue reading

‘Lost Tapes’ series examines Malcolm X through rare footage

ALBUQUERQUE, N.M. — Malcolm X was reviled and adored during his lifetime… Continue reading

Woe, Canada: Germany ousts Canada 4-3

GANGNEUNG, Korea, Republic Of — Germany has knocked Canada out of the… Continue reading

Twenty years later, figure skating’s most famous backflip remains amazing (and illegal)

Figure skating involves spins, jumps, twizzles and a whole host of other… Continue reading

You don’t need to chop like a TV chef to get the job done

Standing in line at the emergency room, makeshift bandage around my finger,… Continue reading

Seychelles swaps debt for groundbreaking marine protection

CURIEUSE ISLAND, Seychelles — With deep blue waters, white sand beaches and… Continue reading

Trump endorses raising minimum age to 21 for more weapons

WASHINGTON — President Donald Trump endorsed stricter gun-control measures Thursday, including raising… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month