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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)

03-25-2016 , 12:12 AM
I'm sure they'll miss you as much as we would if you stopped posting here.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 03:16 AM
I wonder if Negreanu actually thought Baazov was a genius, or if he read him as some flashy clown and was just like, "Meh, who cares, I'll tell everyone this guy is a genius."
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 03:26 AM
The bar's set a lot lower for renegs, being a simple paid dancer/whore with no real responsibility other than irresponsibility itself. But still the fact that we seriously wonder is itself a damning indictment.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 03:49 AM
I understand this story has no impact on the business thus we should not feel more concerned about our bankrolls but I'm just curious to know what happens the day pokerstars goes broke. What would happen to our bankrolls ? Do anyone know what is the order in which creditors of the company would be paid ? In what position do we (the players) stand on the list of their creditors ?
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 04:05 AM
Quote:
Originally Posted by 953757584922009
I understand this story has no impact on the business thus we should not feel more concerned about our bankrolls but I'm just curious to know what happens the day pokerstars goes broke. What would happen to our bankrolls ? Do anyone know what is the order in which creditors of the company would be paid ? In what position do we (the players) stand on the list of their creditors ?
the funds are in the dedicated amounts separate from operational money
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 04:11 AM
Quote:
Originally Posted by 953757584922009
I understand this story has no impact on the business thus we should not feel more concerned about our bankrolls but I'm just curious to know what happens the day pokerstars goes broke. What would happen to our bankrolls ? Do anyone know what is the order in which creditors of the company would be paid ? In what position do we (the players) stand on the list of their creditors ?

I remember taking a course in school about secured and unsecured transactions, and deposits held in an account might be unsecured. Can anybody confirm?

Secured debt usually gets priority. That's about all I can remember.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 08:44 AM
It depends on what licence applies for your account. The following is for the UK:
Quote:
Rational Group keeps a sum of money equivalent to its liabilities to Users in a special purpose trust account which is under the legal ownership of an independent third party trust company. The trust company holds these monies on the terms of a trust deed between it and Rational Group which require the trust company to make these monies available for cashout to Users upon the occurrence of certain ‘trigger events’. These include where Rational Group’s remote casino operating licence is revoked and not reinstated within three (3) months, where Rational Group fails to honour the cashout requests of its Users in the normal course of its business or where Rational Group enters into voluntary winding up or liquidation or becomes insolvent. Although we cannot guarantee the return of 100% of User funds in every case, Rational Group believes that this arrangement provides the highest level of protection for player funds available in the remote gambling industry. The UK Gambling Commission has published a customer funds rating system for licensees, and Rational Group rates its customer funds protection as ‘High’ in line with that rating system. Users are encouraged to contact Rational Group for full information about the way in which we protect the funds that you deposit with us. Further information on our requirements with regards to the level of protection we offer can be found on the UK Gambling Commission website, here.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 09:36 AM
Quote:
Originally Posted by dankhank
I wonder if Negreanu actually thought Baazov was a genius, or if he read him as some flashy clown and was just like, "Meh, who cares, I'll tell everyone this guy is a genius."
FWIW, the genius AI bots at Google DeepDream read the pair of them as nightmarish reptilian illuminati shapeshifter aliens... with birds growing out of their heads.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 10:00 AM
Quote:
he's going from park bench to 'gazillionaire and toast of the town' all the way back to a concrete cell
some Jokerstars """""variance"""""" back at your face you piece of chit cheating thief criminal bastard.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 10:05 AM
Quote:
Originally Posted by mashxx
the funds are in the dedicated amounts separate from operational money
Is there a list of poker sites that have say one of the big accounting firms /
wall streets banks backing it (guarenteeing deposits) to the degree that they have more than enough to cover any loses and the business / company name would take too much of a hit for the sake of low figures billions or are they all the Isle of Man three men and a pony outfits?
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 10:30 AM
This event presents a classic buy opportunity of AYA. Irrespective of management, the cash flow is solid and the future growth potential of the business is there (Asia, BetStars, US regulation). Of course there is risk, which keeps the shorts out there and the price depressed. I tripled my holding yesterday - got in around of 11 on the Nasdaq, which is roughly 9x earnings. Industry-wide and with this kind of solid cash flow from comp advantage and growth potential... that is a steal in my opinion, worth the risk any day.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 10:39 AM
Quote:
Originally Posted by ohbobbins
Is there a list of poker sites that have say one of the big accounting firms /
wall streets banks backing it (guarenteeing deposits) to the degree that they have more than enough to cover any loses and the business / company name would take too much of a hit for the sake of low figures billions or are they all the Isle of Man three men and a pony outfits?
Any with access to the UK (so all but a few US facing) have to have early in their Ts&Cs full details of their player fund protection and the UKGC Rating Hgh, Medium, Low.

Low is nearly useless, medium mostly useless, High not bad at all.

If they can't get a UK icence then that puts them at below Low.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 10:51 AM
richas, surely though the rating of the system to protect funds in the event of a bankruptcy only has meaning in the context of an assessment of the risk of bankruptcy.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 11:19 AM
It says there are 105 million people playing right now on pokerstars. Now obviously this is not possible because this would mean 1 in every 67 people in the world are playing at pokerstars at this very moment (not taking into account the amount of people that cannot play there).
So either it's just another PR lie from pokerstars, or there are really so many accounts playing there simultaneously which would mean a chit load of bots.
First options seems more logical, but who knows anything anymore with a psychopath CEO right?
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 11:39 AM
Its says 110,000 on mine but that is 110,000 seats been taken up not 110,000 different people
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 11:47 AM
Dumping the ceo might not be enough for amaya. There's a pretty strong argument that they overpaid for stars and may not get out of their debt at all. Amaya is one of those boom or bust companies. They will either pay it all off and become seriously profitable, or declare bankruptcy. I would buy options on the stock if they were cheap but wouldn't buy or short the shares. I reckon amayas survival will be decided within 4 years max. Don't forget, Baazov is Amaya, so his removal and possibly sebag will require a whole new mgmt team and philosophy. If the original deal was bad then it might be too late anyway.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 11:56 AM
Quote:
Originally Posted by Mrtrebus
Its says 110,000 on mine but that is 110,000 seats been taken up not 110,000 different people
he's looking at the pokerstars.univ client that has people from other planets (or he needs reading glasses)
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 11:59 AM
Quote:
Originally Posted by OnTheSide
It says there are 105 million people playing right now on pokerstars...
When Amaya bought Oldford Group in 2014 [the parent company of the Rational Group, which operates PokerStars and Full Tilt Poker] Oldford Group had reportedly 97 million registered players around the world. I am sure there are probably close to 100 to 105 million registered players today & more than 99% of those registered players are inactive with no intention of ever playing online poker again in their lives. Some of those inactive players will be in regions where they aren't permitted to play on PokerStars today, but maybe that will change & some [a very few] will reappear. Some day...

Registered players will also include those that registered, never deposited & either never played or only ever sat at the Play Money tables. I also assume that an individual with a PokerStars account & a Full Tilt account would have been counted twice.

I wonder if the reporter[s] misunderstood what registered players means? I haven't tracked back to find out who supposedly said what in the media & when they said it.

Last edited by _Loki_; 03-25-2016 at 12:10 PM.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 12:05 PM
Quote:
Originally Posted by LektorAJ
richas, surely though the rating of the system to protect funds in the event of a bankruptcy only has meaning in the context of an assessment of the risk of bankruptcy.
Yep, so listed frms like hills or Laddies are better than small sports books of unknown provenance esp if all "low". Meanwhile Corals and Stars High - 888 worse than low as they confirm they don't hold non UK layer funds even in a seperate account all debtors can try to get.

I prefer to publicise Corals better choice and reward them with my custom - in part as it says something about their attitude to customers - doing the max not the min.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 12:06 PM
so yea, I just used simple math to calculate the amount of seats currently playing in tournaments all games included (running+ late reg) and I got 103 k. you will find this fairly accurate if you do it yourself.
I would like to add to the 1 out of 67 players that I got before that only half the worlds population are men, and I assume more than 95% of players on pokerstars are men.
Also, Africa india, poor countries people with no money to buy computer let alone play poker.
USA ....I am not currently up to date on which countries are allowed to gamble online and play poker online but I assume this narrows it down even further.
In addition there are the countries who are playing in a separate pool. I think Italy and some EU countries?
Have not seen many players from china lately.....

Last edited by OnTheSide; 03-25-2016 at 12:28 PM.
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 12:29 PM
Quote:
Originally Posted by OMGClayDol
poker or rng being rigged is a different thread. I know one guy who won 1m as legit and a couple 100-200k too. Theres very big sample for the high volume players and it's pretty clear the higher tiers seem to be about right in a big sample combined.

not ruling completely out but I wouldn't go too far into conspiracies and stuff yet..
After Amaya's takeover they updated the main Pokerstars web site. The first thing posted was a video about 'safe and reliable' rng. Completely different CONtent
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 01:15 PM
Take a look at this player's graph guys,
Pre black Friday, and post black Friday.
Please tell me that this doesn't raise your neck- hair?
http://forumserver.twoplustwo.com/39...0/index27.html
(150k players right now btw)
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 02:27 PM
Prison is right place for Baazov.

Why ?

1) Killing online poker as SKILL GAME
2) Focus and push casino , gamble games (what if peoples have addictions to gambling? because in poker they can learn how to play and be better and make money)
3) Probably connected to mafia and insider trading with millions of dollars
4) Removed SNE and SN rakeback
5) Killed Heads up cash games.
6) Keep lying about Eco trash
7) add more rake to make more money and make more on trading with mafia i guess
8) bots on pokerstars ( and support keep lying about we don't have bots )

I think 5 years in prison will be good for Baazov .
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote
03-25-2016 , 02:45 PM
OnTheSide, probably but more important now is PokerStars , Baazov should be removed from company or maybe another group can buy Pokerstars and do right things with poker... FOR THE FUTURE .
Amaya CEO David Baazov charged with insider trading (3/23), steps down as CEO (3/29/16) Quote

      
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