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Amaya’s Interim CEO Permanently Replaces David Baazov

Tags: Amaya, David Baazov, Rafi Ashkenazi
Posted on Tuesday, August 16, 2016 by "T".
Montreal, Canada - The Amaya online gaming company announces a huge profit jump as well as making a permanent replacement for its former CEO David Baazov, who early this year stepped aside to deal with the charges laid against him by Quebec's securities regulator. Amaya, an online gaming company based in Montreal (TSX:AYA), states that the CEO's post is permanently going to interim CEO Rafi Ashke[...]   Read more » Amaya’s Interim CEO Permanently Replaces David Baazov

  16-Aug-16, 10:36   #1
Amaya’s Interim CEO Permanently Replaces David Baazov 0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 42 (M)
Posts: 3671
Amaya posted its quarterly earnings data on Friday, August 12, 2016. As far as I can see, the company reported $0.46 EPS (Earnings Per Share) for the quarter, exceeding analysts’ consensus estimates of $0.34 by $0.12. During the same quarter in the prior year, the business posted $0.36 EPS. I expect Amaya stock price moving a little upward, for the time being at least.

     
  16-Aug-16, 12:46   #2
  0 
DaCapo71 
Joined: Aug '10
Location: Germany
Age: 45 (M)
Posts: 1593
So we can hope for a lot of interestings promos in the near future like in the last time...But when Amay makes a lot of profit, we can await some additional nice promos next time. So we have a win-win situation Big Smile

     
  16-Aug-16, 13:49   #3
  0 
pinotte 
Joined: Jun '13
Location: Canada
Age: 72 (M)
Posts: 3451
Do you really think that Stars will make more promo because their owner made profit i would not count on that to much.

I saw this news in the paper and they were also saying that David Baazov even if is leaving the company for now he is still looking to buy 100% of Amaya. Future will tell us. Question Question

     
  16-Aug-16, 15:54   #4
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 39 (F)
Posts: 9683
Someone could say that this was expected after their recent moves.
You dont do changes like that if you havent won more than you used to, or you believe you will
in the near future.
They are the leaders in the poker industry and they will remain for quite some time.

     
  16-Aug-16, 23:50   #5
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 32 (M)
Posts: 4445
Martha Stewart went to prison for insider trading, of course she did not get her sentence for the 'cheating' part rather than 4 blocking the federal investigation and so on.
Even if they can put this guy behind bars, he won't get hard sentence either IMO.

     
  17-Aug-16, 02:17   #6
  0 
pinotte 
Joined: Jun '13
Location: Canada
Age: 72 (M)
Posts: 3451
I would be very surprise if the guy goes in jail. From what i have read so far he will have a very good defense saying that he was not directly involved in this insider trading.

Someone else will take the blame instead of him.

These kind of guy rarely go in jail maybe a fine and not moore. Aww crap! Aww crap!

------------
I would be very surprise if the guy goes in jail. From what i have read so far he will have a very good defense saying that he was not directly involved in this insider trading.

Someone else will take the blame instead of him.

These kind of guy rarely go in jail maybe a fine and not moore. Aww crap! Aww crap!

     
  19-Aug-16, 17:38   #7
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 39 (F)
Posts: 9683
The loopholes are there always for the big players in this world.
When you are low in the ladder, there is no chance for you.
And these guys most of the times get away with it.
It is only when there is a good reason, that they are"hanging" one out there.

     
  4-Sep-16, 11:19   #8
  0 
STACIONAR 
Joined: Sep '15
Location: Ukraine
Age: 32 (M)
Posts: 642
I have nothing bad against this person, but with his receipt, Poker Stars very strongly changed. And not to the best. Can now, the new management will begin to think of the new income and of us, players who often hanged on Poker Stars. It is sure that much lack those privileges and shares that a bya now earlier. All of good luck!

     
  4-Sep-16, 18:50   #9
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 42 (M)
Posts: 3671
Annual compensation for the new chief executive officer Rafael Ashkenazi is estimated to be around $800,000 CAD, and the total calculated compensation as of fiscal year 2015 was around $2 million CAD, according to his Bloomberg profile.

Edited by Tony_MON7ANA (Sunday, September 04, 2016 @ 18:58 GMT)


     
  5-Sep-16, 16:09   #10
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8400
now with mr. Rafael Ashkenazi at the helm and mr. David Baazov in history one can ask whether Rafael Ashkenazi is actually any better than David Baazov or maybe it's quite the opposite, maybe David Baazov is one step, heck maybe even one and a half steps better than Rafael Ashkenazi?

     
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