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Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16)

03-24-2016 , 07:24 AM
Quote:
Originally Posted by bombonca
LOL, General Wesley Clark is independent director, the guy is a war hawk, whats next madeleine albright?
This guy makes a career of going on companies board of directors to try and influence politicians. I guess it has a nicer ring then being called a lobbyist.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 08:17 AM
Karma
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 09:33 AM
Quote:
Originally Posted by MeleaB
I wonder if Negreanu, Hollreiser, Matthew Hilger and Lee Jones would have been so willing to defend Baazov's multi-million dollar theft from SN+ players if this news had already been broken, and if his shady past had been more widely known.
It is hard to rag on your boss if you want to continue working there.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 09:40 AM
maybe this is part of his whole plan, plead guilty to the charges, do a closed deal with the justice department to get out of jail time, pay a large fine, tank the amaya stock enough to be able buy it all out with a small group of private investors.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 09:47 AM
Quote:
Originally Posted by e1cnr
It is hard to rag on your boss if you want to continue working there.
+1
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 09:52 AM
Quote:
Originally Posted by MeleaB
I wonder if Negreanu, Hollreiser, Matthew Hilger and Lee Jones would have been so willing to defend Baazov's multi-million dollar theft from SN+ players if this news had already been broken, and if his shady past had been more widely known.
They're all paid PR people and their job is to sing the praises of the company no matter what happens, so the answer is yes. They're just doing their job. What did you expect?

And anyway, one has nothing to do with the other. The SN+ policy change is something you can expect from any company that has decided a portion of its customers isn't profitable or outright undesirable from a profitability standpoint, so it slowly squeezes them for more $$, and if they leave, good riddance.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 10:50 AM
Should we be concerned and start to cash out big parts of the bankroll ?!
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 11:24 AM
Quote:
Originally Posted by binksquared
They're all paid PR people and their job is to sing the praises of the company no matter what happens, so the answer is yes. They're just doing their job. What did you expect?

And anyway, one has nothing to do with the other. The SN+ policy change is something you can expect from any company that has decided a portion of its customers isn't profitable or outright undesirable from a profitability standpoint, so it slowly squeezes them for more $$, and if they leave, good riddance.
ofcourse, but the reason negano faces more criticism than anyone else is that he pretends that he is the exemplar of integrity and he is always thinking about the player. ofcourse we know thats his job, but when you are telling blatant lies and claim that ur integrity is unbreachable you can't expect not to be called out on it
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 11:25 AM
Quote:
Originally Posted by StevenVA
Should we be concerned and start to cash out big parts of the bankroll ?!
No, this has really nothing to do with the actual business. They will find a new CEO and continue to operate. The site won't shut down because someone did some shady stuff.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 12:00 PM
Quote:
Originally Posted by JMSLOP
No, this has really nothing to do with the actual business. They will find a new CEO and continue to operate. The site won't shut down because someone did some shady stuff.
This is true. No need to fret over some Black Wednesday shiz. Players funds are still segregated. I have that on v good authority (not that I needed to but better safe than sorry). That said better safe than sorry may apply anyways.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 12:01 PM
Quote:
Originally Posted by CyberShark93
ofcourse, but the reason negano faces more criticism than anyone else is that he pretends that he is the exemplar of integrity and he is always thinking about the player. ofcourse we know thats his job, but when you are telling blatant lies and claim that ur integrity is unbreachable you can't expect not to be called out on it
.... plus he just became a US citizen.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 12:14 PM
Quote:
Originally Posted by Geezer Soze
Are you calling poker players "greedy" for playing on Pokerstars ?

What sites would you recommend as an alternative player pool to optimize their income, adjusted for the relative risk of site payment default ?
Yes, the alternative is not playing (if you can't play somewhere else).

They're not being charitable are they?
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 12:29 PM
Quote:
Originally Posted by Geezer Soze
Are you calling poker players "greedy" for playing on Pokerstars ?

What sites would you recommend as an alternative player pool to optimize their income, adjusted for the relative risk of site payment default ?
I don't know about playing income but if you are looking for risk of payment site default:

Top tier - sites owned by non-Mediterranean EU governments such as:
svenska spel, tipos.sk etc.

Second tier - sites owned by large publicly quoted companies with strong B&M presence such as:
Ladbrokes, Corals, also Unibet now it owns Stan James

Third tier - sites owned by publicly quoted companies without B&M presence such as:
Party Poker

Fourth Tier - sites operating in grey markets owned by companies whose CEO has been charged with insider trading such as:
Full Tilt, Pokerstars

Fifth Tier - US facing sites with good cash out record such as:
Bovada

Sixth Tier - US facing sites with poor cashout record such as:
Lock

I don't know enough about the other US sites to classify them properly.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 12:38 PM
can't wait to see how this develops
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 12:50 PM
Quote:
Originally Posted by StevenVA
Should we be concerned and start to cash out big parts of the bankroll ?!
If your bank had the same history over the past year or so that PokerStars had and then the CEO was facing the same legal issues.... Would you feel safe keeping your money there?
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 01:10 PM
Quote:
Originally Posted by LektorAJ
I don't know about playing income but if you are looking for risk of payment site default:

Top tier - sites owned by non-Mediterranean EU governments such as:
svenska spel, tipos.sk etc.

Second tier - sites owned by large publicly quoted companies with strong B&M presence such as:
Ladbrokes, Corals, also Unibet now it owns Stan James

Third tier - sites owned by publicly quoted companies without B&M presence such as:
Party Poker

Fourth Tier - sites operating in grey markets owned by companies whose CEO has been charged with insider trading such as:
Full Tilt, Pokerstars

Fifth Tier - US facing sites with good cash out record such as:
Bovada

Sixth Tier - US facing sites with poor cashout record such as:
Lock

I don't know enough about the other US sites to classify them properly.
I believe that these sites are categorised as providing "low" protection for players' funds by the UKGC. Amaya is categorised as providing "high" protection.

(fwiw)
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 01:48 PM
^ Ok, what are their reasons for thinking that?

I'm assuming the segregated account for Pokerstars which the Isle of Man regulator insists they keep is a strong point (and it is btw). Baazov's brother ran a telephone lottery that didn't return money to gamblers so that's a big negative:

https://advisor1.dynamic.ca/servlet/...cenic_24950113
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 01:55 PM
Quote:
Originally Posted by binksquared
They're all paid PR people and their job is to sing the praises of the company no matter what happens, so the answer is yes. They're just doing their job. What did you expect?

And anyway, one has nothing to do with the other. The SN+ policy change is something you can expect from any company that has decided a portion of its customers isn't profitable or outright undesirable from a profitability standpoint, so it slowly squeezes them for more $$, and if they leave, good riddance.
Yes, they're "just doing their job" but most people wouldn't do it "no matter what happens" (as you say.)

And we're not talking about a policy change, I'm referring to the SN+ theft (of promised rewards) which most definitely DOES have to do with the integrity of the CEO.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 01:57 PM
Quote:
Originally Posted by Geezer Soze
Are you calling poker players "greedy" for playing on Pokerstars ?

What sites would you recommend as an alternative player pool to optimize their income, adjusted for the relative risk of site payment default ?
Pretty sure he was calling Pokerstars greedy rather than the players.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 02:09 PM
Quote:
Originally Posted by vrael111
"I have always been proud of my reputation for personal integrity and ethical business conduct. As the founder, president and CEO of Amaya, i want to provide my personal assurance to all our stakeholders, our more than 100 million playing members*, vendors and our public security holders that i am as confident as ever in Amaya's business operations and future prospects"

lol baaaz

*
Spoiler:
e.g. 90 million members and Brian Hastings
"100 million playing members". What the **** is this guy smoking? 1 out of every 75 people on the planet are playing on Stars. Riiiiiiight.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 02:09 PM
Quote:
Originally Posted by davmcg
I believe that these sites are categorised as providing "low" protection for players' funds by the UKGC. Amaya is categorised as providing "high" protection.

(fwiw)
Last time I looked Corals is the only main UK bookie offering High protection (funds in trust) - that's why I use them for my sports bets. I haven't checked for a few months mind.

Incidentally 888 offers UK players low protection - that is seperate accounts for player funds but those accounts controled by the firm so at risk in case of bankruptcy - worse they refuse even this paltry "protection" to non UK players which is essentially admitting they use player funds as working capital so having a fraction of players balances in one accout worse than useless - it just misleads that there is any protection at all.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 02:13 PM
Quote:
Originally Posted by StevenVA
Should we be concerned and start to cash out big parts of the bankroll ?!
sure,i already did
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 02:20 PM
Quote:
Originally Posted by Richas
Last time I looked Corals is the only main UK bookie offering High protection (funds in trust) - that's why I use them for my sports bets.
Your lucky if you can get anything on, they routinely refuse bets to anyone who isn't a complete drooler and instead use their shops as FOBT casinos or direct everyone online to the mini slot games.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-24-2016 , 02:21 PM
Hilarious haley hints alluded to the fact bazoff was bluffing at the idea of purchasing Amaya and now here he is facing charges this is not good for OLP. I wonder if Sheldon Adelson and his goons will take note of this.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote

      
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