http://www.theglobeandmail.com//repo...click=sf_globe

May he rott in hell.

everyone better cash out now, black friday 2.0 in 2 days

didn't work out very well for him though, did it

The bloke is a scam. Anyone with a good understanding of stuff like that: what does this imply for Pokerstars?

please be found guilty

Doesn't affect Pokerstars other than the fact they may get a new CEO.

The important distinction to make that the company, which is a legal entity like a person, wasn't charged with anything. The CEO was personally charged.

rake is getting 5x times higher in two days, someone must pay off baazovs lawyers, screen that.
He may rot, both w negs barking all along he`s a good guy delaying the inevitable changes
#couldhavedonemore

He runs the company and other officers might also face charges. There is a non-zero chance that licenses eg UKGC might be suspended.

Ever since I read that article (in Forbes?) about how he bluffed his way into acquiring Pokerstars with other people's money, he always gave me the Martin Shkreli vibe: too clever young business LAG who's doomed to run into the nuts before acquiring a large enough stack.

Ugh...

While I am fairly certain he and his associates are guilty of the charges, such have historically been very difficult to prove in Canada (and, arguably, now almost impossible to prove in the US after a recent Court ruling).

Likely also makes the going private transaction he proposed a no-go as I don't know what lenders will step up with cash with this over-hanging it.

I'm no financial expert, but I think you're jumping to conclusions here. Very little info out there at this point. Could very well impact Stars in my opinion.

[ ] surprised
[x] confirmed scumbag

Amaya itself just said that they, their other directors or officers, or any of their subsidiaries were not charged with anything.

It is strictly a criminal case that affects David Baazov. Remember the Martha Stewart case? Same thing. Didn't affect MSLO. She even came out of prison to run it again.

this, along with everything else (Amaya running Stars into the ground), implies that at some point PokerStars is going to be owned by the banks Amaya borrowed money from to buy it. they will in turn sell it to somebody else. impossible to know who that might be at this stage but PlayTech (the owner of the iPoker network) has shown interest.

Reading this on Bloomberg:

*AMAYA DROPS AS MUCH AS 26% IN TORONTO TRADING AFTER CEO CHARGE
--STEFANIE BATCHO-LINO

-0- Mar/23/2016 13:50 GMT

*TRADING HALTED: AYA@CN (ALPHA)
REG-HALT SINGLE STOCK CIRCUIT BREAKER

-0- Mar/23/2016 13:51 GMT

Martha Stewart was convicted of lying to Federal investigators NOT insider-trading (though I am certain she was guilty of as she sold, I believe, about $50K of ImClone stock shortly after the CEO told her test results were below expectations). Generally, not an easy case to prove.

So did Baazov did a crime?Did he do anything illegal?Is there a chance that he will go to jail?

Rooting guilty soooo hard right now

Oh boy, never thought this was going to stick hard. Heard about the investigation a long time ago, thought it sort of faded away... seems like the authorities have bided their time putting together a solid case.

Presumably the various licensors will require him and everyone else mentioned in the indictment to immediately depart the day-to-day operations at a minimum in order to keep the licenses. Timing is not great considering NJ just went live, and a requirement for that NJ licence was for individuals with questionable backgrounds to leave Amaya, surely the same would apply here.

Mr Baazov saying that he's merely 'highly confident' of being found innocent doesn't inspire. Also, this could drag out a long time. Seems he was the main voice behind convincing investors/banks to back the deal. They must feel a bit peeved that their boy is in trouble, who can they whinge to now about the poor performance of their investment?

Funny analogy about repeatedly going all in over the years, it seems he may have indeed run into the nuts this time, I guess the evidence of the case will come out in time.

Trading halted. Can't even get in to short this dog.

Baazov will make a deal, pay a fine, and not admit guilt, you'll see.

The Quebec regulators have zero experience with prosecuting insider trading cases. The SEC, which has vastly greater experience and resources, rarely is able to convict. I don't think Pepe Le Pew will be very successful.

The bankers and regulators knew about the allegations against him, this is not news.

Also, innocent before being proven guilty, remember that? He has not been convicted yet.