{"id":29593,"date":"2015-06-23T14:53:42","date_gmt":"2015-06-23T21:53:42","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=29593"},"modified":"2015-06-23T14:55:05","modified_gmt":"2015-06-23T21:55:05","slug":"baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/","title":{"rendered":"Baazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0"},"content":{"rendered":"
\"David
David Baazov, reelected as Chairman of Amaya Inc. On the AMF investigation: \u201cIt\u2019s not something to be taken lightly, but it\u2019s not Hollywood either.\u201d (Image: affaires.lapresse.ca)<\/figcaption><\/figure>\n

<\/i>The ongoing scrutiny into Amaya Inc by the Quebec financial regulator is not a cause for concern, reiterated its CEO and Chairman, David Baazov, at the company\u2019s first annual general meeting in Montreal this week.<\/p>\n

\u201cIt\u2019s not something to be taken lightly, but it\u2019s not Hollywood either,\u201d Baazov told the assembled shareholders. \u201cThere has been no effect on the day-to-day operations of Amaya<\/a>. It\u2019s not taking away from the mental real-estate of the executive team, the staff, the organization, etc.\u201d<\/p>\n

The shareholders displayed their faith in these words by promptly reelecting Baazov as company chairman with a majority of 96 percent, although some may have wondered what on earth he meant by \u201cmental real estate.\u201d<\/p>\n

AMF Raid<\/b><\/h2>\n

Amaya\u2019s Montreal offices were raided by police and provincial financial market regulators AMF in early December as part of an investigation into alleged securities fraud.<\/p>\n

Amaya\u2019s share prices skyrocketed in the lead up to the company\u2019s acquisition of PokerStars last summer, and some form of insider trading was suspected.<\/p>\n

There have been no accusations of wrongdoing by AMF, but the investigation drags on, and its existence remains an embarrassment for Baazov<\/a>, Amaya and their global ambitions.<\/p>\n

\u201cIf people go through the information carefully, look at the timeline, anybody who is sophisticated and rational can come to a pretty rational conclusion about the events that took place to get us where we are,\u201d said Baazov.<\/strong><\/p><\/blockquote>\n

The investigation failed to hinder Amaya\u2019s recent ascension to the NASDQ Global Select Market, which Baazov saw as integral to furthering Amaya\u2019s position as \u201ca leading global, online consumer technology company.\u201d The company has traded on the Toronto Stock exchange since 2013 and will continue to do so under a dual listing.<\/p>\n

\u201cWe were looking for more liquidity and more exposure,\u201d Baazov said, of the company\u2019s new listing. \u201cI 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.\u201d<\/p>\n

New Jersey Update<\/b><\/h2>\n

Finally, Baazov offered his thoughts on the delayed entry of PokerStars into the New Jersey market.<\/p>\n

Early predictions had suggested the online poker giant would be given the go-ahead at the beginning of the year, but unseen regulatory issues appear to be hindering its progress.<\/p>\n

\u201cWe\u2019re giving a lot of information showing statistical data, showing responsible gaming data, showing what technologies have been innovated and applied at PokerStars,\u201d said Baazov. \u201cWe\u2019re sharing it with others to show that you can have this in a regulated fashion and have that tax efficiency while you are protecting consumers as well.\u201d<\/p>\n

On PokerStars\u2019 efforts in lobbying for regulation in other key areas, such as Pennsylvania and California, he said: \u201cWe don\u2019t have a crystal ball, and when it comes to politics I definitely don\u2019t like trying to make predictions. All we can say is that we\u2019re very comfortable with some of the movement we\u2019ve seen. If anything, it\u2019s inching towards more and more (workable) regulation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The ongoing scrutiny into Amaya Inc by the Quebec financial regulator is not a cause for concern, reiterated its CEO and Chairman, David Baazov, at the company\u2019s first annual general meeting in Montreal this week. \u201cIt\u2019s not something to be taken lightly, but it\u2019s not Hollywood either,\u201d Baazov told the assembled shareholders. \u201cThere has been […]<\/p>\n","protected":false},"author":42,"featured_media":29594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"\nBaazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0<\/title>\n<meta name=\"description\" content=\"The ongoing scrutiny into Amaya Inc by the Quebec financial regulator is not a cause for concern, reiterated its CEO and Chairman, David Baazov, at the\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0\" \/>\n<meta property=\"og:description\" content=\"The ongoing scrutiny into Amaya Inc by the Quebec financial regulator is not a cause for concern, reiterated its CEO and Chairman, David Baazov, at the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-23T21:53:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-06-23T21:55:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/887392-amaya-ete-fondee-y-10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"641\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/\",\"url\":\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/\",\"name\":\"Baazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/887392-amaya-ete-fondee-y-10.jpg\",\"datePublished\":\"2015-06-23T21:53:42+00:00\",\"dateModified\":\"2015-06-23T21:55:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"The ongoing scrutiny into Amaya Inc by the Quebec financial regulator is not a cause for concern, reiterated its CEO and Chairman, David Baazov, at the\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/887392-amaya-ete-fondee-y-10.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/887392-amaya-ete-fondee-y-10.jpg\",\"width\":641,\"height\":427,\"caption\":\"David Baazov, reelected as Chairman of Amaya Inc. On the AMF investigation: \u201cIt\u2019s not something to be taken lightly, but it\u2019s not Hollywood either.\u201d (Image: affaires.lapresse.ca)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Baazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\",\"name\":\"Casino.org Staff Writer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"caption\":\"Casino.org Staff Writer\"},\"url\":\"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Baazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0","description":"The ongoing scrutiny into Amaya Inc by the Quebec financial regulator is not a cause for concern, reiterated its CEO and Chairman, David Baazov, at the","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Baazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0","og_description":"The ongoing scrutiny into Amaya Inc by the Quebec financial regulator is not a cause for concern, reiterated its CEO and Chairman, David Baazov, at the","og_url":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2015-06-23T21:53:42+00:00","article_modified_time":"2015-06-23T21:55:05+00:00","og_image":[{"width":641,"height":427,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/887392-amaya-ete-fondee-y-10.jpg","type":"image\/jpeg"}],"author":"Casino.org Staff Writer","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Casino.org Staff Writer","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/","url":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/","name":"Baazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/887392-amaya-ete-fondee-y-10.jpg","datePublished":"2015-06-23T21:53:42+00:00","dateModified":"2015-06-23T21:55:05+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77"},"description":"The ongoing scrutiny into Amaya Inc by the Quebec financial regulator is not a cause for concern, reiterated its CEO and Chairman, David Baazov, at the","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/887392-amaya-ete-fondee-y-10.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/887392-amaya-ete-fondee-y-10.jpg","width":641,"height":427,"caption":"David Baazov, reelected as Chairman of Amaya Inc. On the AMF investigation: \u201cIt\u2019s not something to be taken lightly, but it\u2019s not Hollywood either.\u201d (Image: affaires.lapresse.ca)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/baazov-addresses-amf-probe-and-new-jersey-question-at-amaya-agm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Baazov Addresses AMF Probe and New Jersey Question at Amaya AGM\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77","name":"Casino.org Staff Writer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","caption":"Casino.org Staff Writer"},"url":"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/29593"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=29593"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/29593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/29594"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=29593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=29593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=29593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}