Stock Run-up On Pokerstars Acquisition Alerted Amaya Gaming

CEO Baazov says he's not surprised the Quebec Financial Markets Authority is investigating

Amaya Gaming chief exec David Baazov said in an interview this week with Business News Network that he had anticipated an investigation following a noticeable stock run-up in advance of his company's acquisition of Pokerstars owner the Rational Group last year.

He was not disappointed; in the closing weeks of 2014 the Quebec Financial Markets Authority visited the offices of Amaya and other parties involved in the $4.9 billion deal in what Baazov continues to claim was a routine regulatory check on procedures (see previous InfoPowa reports).

"The investigation is something we anticipated given that there was an historic stock run up in advance," Baazov told BNN. "We have no evidence of any wrongdoing and we're cooperating with the investigation."

The results of the investigation, which is presumably still ongoing, have yet to be published.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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