{"id":835,"date":"2015-07-01T11:56:37","date_gmt":"2015-07-01T11:56:37","guid":{"rendered":"https:\/\/www.top10pokersites.net\/?p=835"},"modified":"2015-07-01T11:56:37","modified_gmt":"2015-07-01T11:56:37","slug":"confidence-in-amaya-inc-has-not-damaged-by-allegations","status":"publish","type":"post","link":"https:\/\/www.top10pokersites.net\/news\/confidence-in-amaya-inc-has-not-damaged-by-allegations","title":{"rendered":"Confidence in Amaya Inc Has Not Damaged By Allegations"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2015\/07\/amaya-gaming.jpg\" alt=\"Amaya Gaming\" width=\"300\" class=\"alignleft size-full wp-image-837\" srcset=\"https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2015\/07\/amaya-gaming.jpg 380w, https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2015\/07\/amaya-gaming-300x197.jpg 300w\" sizes=\"(max-width: 380px) 100vw, 380px\">Canadian based <strong>Amaya Gaming<\/strong> holds the record for being the largest publicly traded gambling company in the world. In 2014, the company acquired <a href=\"\/reviews\/pokerstars\">PokerStars, the biggest online poker website in the world<\/a> and <strong>Full Tilt Poker<\/strong>, one of the most popular online poker websites in the world turning Amaya Gaming into a gambling powerhouse.<\/p>\n<p>Amaya Inc completed the acquisition for both companies for an <strong>estimated $4.9 billion<\/strong> and now has a global customer database of more than 93 million customers. <\/p>\n<p>The mega acquisition along with the fact that Amaya Gaming came out of nowhere to become the biggest gambling company in the world, drew the attention of the authorities who later went on to launch an investigation into <strong>Amaya Inc<\/strong>.<\/p>\n<p>The investigation brought up charges of insider trading and the <a href=\"https:\/\/www.lautorite.qc.ca\/en\/\">Autorit\u00e9 des march\u00e9s financiers (AMF)<\/a> also accused Amaya Inc. CEO <strong>David Baazov<\/strong> and the company\u2019s chief financial officer <strong>Daniel Sebag<\/strong> of insider trading. Amaya Inc has denied all allegations of insider trading and has offered full co-operation to the authorities. <\/p>\n<p>The company started trading on the 8th of June on <strong>Nasdaq\u2019s Global Select Market<\/strong> which meant Amaya had successfully managed a dual listing as the company was also listed on the <strong>Toronto Stock Exchange<\/strong>. The insider trading allegations has not affected Amaya Inc and the company\u2019s shareholders expressed their faith in the leadership team with 96% of them voting to re-election the same board of directors. <\/p>\n<p>In a statement, Amaya Inc. CEO <strong>David Baazov<\/strong> said <\/p>\n<blockquote><p>It\u2019s not something to be taken lightly, but it\u2019s not Hollywood either. There has been no effect on the day-to-day operations of Amaya. It\u2019s not taking away from the mental real-estate of the executive team, the staff, the organization, etc. We were looking for more liquidity and more exposure. I think it\u2019s great that a Canadian company that started on the Venture [Exchange] graduated to the TSX and has now gone to the Nasdaq as well<\/p><\/blockquote>\n<p>Amaya Gaming is now trying to break into the U.S gambling market scene even though there are currently only three states that have legalized online gambling. PokerStars is campaigning hard to enter into <a href=\"https:\/\/www.top10pokersites.net\/legal-new-jersey-poker-sites\">New Jersey\u2019s struggling online gambling market<\/a> and is also positioning itself to enter California, should the state decide to legalize online gambling. Baazov stated that one of Amaya\u2019s goals is to double its customer base within the next 5 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian based Amaya Gaming holds the record for being the largest publicly traded gambling company in the world. In 2014, the company acquired PokerStars, the biggest online poker website in the world and Full Tilt Poker, one of the most popular online poker websites in the world turning Amaya Gaming into a gambling powerhouse. Amaya&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Confidence in Amaya Inc Has Not Damaged By Allegations<\/title>\n<meta name=\"description\" content=\"Canadian based Amaya Gaming holds the record for being the largest publicly traded gambling company in the world. In 2014, the company acquired PokerStars\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10pokersites.net\/news\/confidence-in-amaya-inc-has-not-damaged-by-allegations\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Confidence in Amaya Inc Has Not Damaged By Allegations\" \/>\n<meta property=\"og:description\" content=\"Canadian based Amaya Gaming holds the record for being the largest publicly traded gambling company in the world. In 2014, the company acquired PokerStars\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.top10pokersites.net\/news\/confidence-in-amaya-inc-has-not-damaged-by-allegations\" \/>\n<meta property=\"og:site_name\" content=\"Top 10 Poker Sites\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/people\/Top-10-Poker-Sites\/100083090271104\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-01T11:56:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2015\/07\/amaya-gaming.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Sterne\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/AdrianSterne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrian Sterne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.top10pokersites.net\/news\/confidence-in-amaya-inc-has-not-damaged-by-allegations\",\"url\":\"https:\/\/www.top10pokersites.net\/news\/confidence-in-amaya-inc-has-not-damaged-by-allegations\",\"name\":\"Confidence in Amaya Inc Has Not Damaged By Allegations\",\"isPartOf\":{\"@id\":\"https:\/\/www.top10pokersites.net\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.top10pokersites.net\/news\/confidence-in-amaya-inc-has-not-damaged-by-allegations#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.top10pokersites.net\/news\/confidence-in-amaya-inc-has-not-damaged-by-allegations#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2015\/07\/amaya-gaming.jpg\",\"datePublished\":\"2015-07-01T11:56:37+00:00\",\"dateModified\":\"2015-07-01T11:56:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.top10pokersites.net\/news\/#\/schema\/person\/845df6bb46bf5c723e7fbfe4aeead0d2\"},\"description\":\"Canadian based Amaya Gaming holds the record for being the largest publicly traded gambling company in the world. 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