{"id":42627,"date":"2016-12-07T17:00:30","date_gmt":"2016-12-08T01:00:30","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=42627"},"modified":"2016-12-07T13:00:38","modified_gmt":"2016-12-07T21:00:38","slug":"say-bye-david-baazov-shareholder-urges-amaya","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/","title":{"rendered":"Say Bye-bye to Baazov, Shareholder Urges Amaya"},"content":{"rendered":"
\"Jason
New York money man Jason Ader says David Baazov\u2019s bid lacks transparency and undervalues Amaya. He says the company should consider freeing itself from the \u201cundue influence\u201d of a \u201cdiscredited former exec.\u201d (Image: The Telegraph)<\/figcaption><\/figure>\n

Activist Investor Jason Ader, who owns one percent of Amaya Inc. through his company SpringOwl Asset Management, has called on the PokerStars parent to forget about David Baazov<\/a>.<\/p>\n

Baazov, the former chairman and CEO of Amaya, launched a $4.1 billion bid to take the company private several weeks ago. But in a letter to the board, seen by Bloomberg, Ader says the offer needs to be higher and Baazov\u2019s financial sources need to be more transparent.<\/p>\n

He labelled the bid \u201c\u201ca continued attempt by a discredited former executive to capitalize on the Amaya situation at other shareholders\u2019 expense.<\/p>\n

\u201cIf we have a credible bid with transparency, then we should consider it,\u201d Ader told Bloomberg on Monday. \u201cBut the current price seems low and the lack of transparency and the information about the sources of funding raises a lot of questions.\u201d<\/p>\n

\u201cIf I were making a $4 billion bid and would want the shareholders to take me seriously, I would provide much more transparency to the shareholders,\u201d said Ader, adding that Amaya \u201cneeds to get back to growing the business.\u201d<\/p>\n

Bid is \u201cSuspicious\u201d<\/b><\/h2>\n

Baazov was forced to resubmit his official filing to the US Securities and Exchange Commission after one of his stated financial backers on the bid, Dubai-based KBC Aldini Capital, denied having any knowledge of the deal or having even heard of Amaya.<\/p>\n

\n

It has been speculated Baazov may have been misled by a financial intermediary pretending to represent KBC.<\/strong><\/p>\n<\/blockquote>\n

Whatever the truth of the matter, the new filing guaranteed increased financial commitment from two of his original backers, Hong Kong-based Head and Shoulders Global Investment Fund SPC and Goldenway Capital SPC. But according to Ader, the fact that these entities are not well known makes the offer seem \u201cmore suspicious.\u201d<\/p>\n

\u201cUndue Influence\u201d<\/b><\/h2>\n

Ader also blames Baazov for damaging Amaya\u2019s reputation after he was charged by financial authorities in Montreal on five counts of securities fraud and insider trading. Baazov has pleaded not guilty to these charges and will have his day in court. Nevertheless, s time to shake off \u201cthe undue influence\u201d of Baazov, said Ader in his letter.<\/p>\n

\u201cMr Baazov stands behind his offer and intends to continue engaging constructively with Amaya<\/a> towards a board supported transaction,\u201d Baazov spokesman Riyaz Lalani told Bloomberg in response to the news.<\/p>\n

\u201cThe Board and management welcome input from all of our shareholders and look forward to continuing to actively engage with them,\u201d said Amaya.<\/p>\n","protected":false},"excerpt":{"rendered":"

Activist Investor Jason Ader, who owns one percent of Amaya Inc. through his company SpringOwl Asset Management, has called on the PokerStars parent to forget about David Baazov. Baazov, the former chairman and CEO of Amaya, launched a $4.1 billion bid to take the company private several weeks ago. But in a letter to the […]<\/p>\n","protected":false},"author":42,"featured_media":42629,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,10],"tags":[],"acf":[],"yoast_head":"\nSay Bye-bye to David Baazov, Shareholder Urges Amaya<\/title>\n<meta name=\"description\" content=\"Jason Ader tells Amaya board to ditch David Baazov unless his offer is improved and financial sources made more transparent.\u00a0 \u00a0\" \/>\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=\"Say Bye-bye to David Baazov, Shareholder Urges Amaya\" \/>\n<meta property=\"og:description\" content=\"Jason Ader tells Amaya board to ditch David Baazov unless his offer is improved and financial sources made more transparent.\u00a0 \u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/\" \/>\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=\"2016-12-08T01:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-12-07T21:00:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/12\/jason-ader-2_3384437b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"387\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/\",\"url\":\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/\",\"name\":\"Say Bye-bye to David Baazov, Shareholder Urges Amaya\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/12\/jason-ader-2_3384437b.jpg\",\"datePublished\":\"2016-12-08T01:00:30+00:00\",\"dateModified\":\"2016-12-07T21:00:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Jason Ader tells Amaya board to ditch David Baazov unless his offer is improved and financial sources made more transparent.\u00a0 \u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/12\/jason-ader-2_3384437b.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/12\/jason-ader-2_3384437b.jpg\",\"width\":620,\"height\":387,\"caption\":\"New York money man Jason Ader says David Baazov\u2019s bid lacks transparency and undervalues Amaya. He says the company should consider freeing itself from the \u201cundue influence\u201d of a \u201cdiscredited former exec.\u201d (Image: The Telegraph)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Say Bye-bye to Baazov, Shareholder Urges Amaya\"}]},{\"@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":"Say Bye-bye to David Baazov, Shareholder Urges Amaya","description":"Jason Ader tells Amaya board to ditch David Baazov unless his offer is improved and financial sources made more transparent.\u00a0 \u00a0","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Say Bye-bye to David Baazov, Shareholder Urges Amaya","og_description":"Jason Ader tells Amaya board to ditch David Baazov unless his offer is improved and financial sources made more transparent.\u00a0 \u00a0","og_url":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2016-12-08T01:00:30+00:00","article_modified_time":"2016-12-07T21:00:38+00:00","og_image":[{"width":620,"height":387,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/12\/jason-ader-2_3384437b.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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/","url":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/","name":"Say Bye-bye to David Baazov, Shareholder Urges Amaya","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/12\/jason-ader-2_3384437b.jpg","datePublished":"2016-12-08T01:00:30+00:00","dateModified":"2016-12-07T21:00:38+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77"},"description":"Jason Ader tells Amaya board to ditch David Baazov unless his offer is improved and financial sources made more transparent.\u00a0 \u00a0","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/12\/jason-ader-2_3384437b.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/12\/jason-ader-2_3384437b.jpg","width":620,"height":387,"caption":"New York money man Jason Ader says David Baazov\u2019s bid lacks transparency and undervalues Amaya. He says the company should consider freeing itself from the \u201cundue influence\u201d of a \u201cdiscredited former exec.\u201d (Image: The Telegraph)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/say-bye-david-baazov-shareholder-urges-amaya\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Say Bye-bye to Baazov, Shareholder Urges Amaya"}]},{"@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\/42627"}],"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=42627"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/42627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/42629"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=42627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=42627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=42627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}