Amaya Board Changes Announced

By Casinomeister, Last updated Jul 1, 2016

But little else is disclosed following secretive meeting with shareholders

Amaya's much commented upon secretive meeting with shareholders in Montreal this week has been followed by an announcement regarding changes to the online gambling group's board of directors.
Serving directors Divyesh Gadhia, Harlan Goodson, Aubrey Zidenberg and Wesley Clark were all re-elected, whilst Alfred Hurley Jr. and David Lazzarato become new members.
Gadhia is to chair the board.
The company advised that Lazzarato, Goodson and Hurley will serve as members of the Audit Committee of the board, with Hurley, Gadhia and Goodson also becoming members of the Corporate Governance, Nominating and Compensation Committee of the board.
The Amaya statement also updates interested parties on the activities of its Special Committee overseeing a review of 'strategic alternatives', and the position of David Baazov, Amaya's CEO who has taken leave of absence whilst insider trading charges laid against him by the Quebec securities authorities are resolved.
Baazov and his allies are among the reportedly several acquisition offers that have been made for Amaya, although confidentiality agreements prevent the official disclosure of further details whilst due diligence processes are underway.
In its latest statement the company undertook to keep its shareholders informed of developments, but explained that their interests at present are best served by maintaining confidentiality.

Online Casino News Courtesy of Infopowa

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