where is this $1.5M figure coming from? I didn't see it in the PRs but maybe I'm missing something?

If he's possibly guilty of this, what other dodgy business has he been up to (or is capable of) in an industry where credibility is a big deal.

hint: dodgy business could be, pumping up short term earnings (rake grab) at expense of the longer term business

Cuz the rumored deal to go private which was substantially propping up the stock is probably on indefinite hold despite what DB says.

Amaya's reign of Pokerstars will go down as yet another tragic event in the history of online poker.

-Absolute Poker super user scandal
-Black Friday
-Full Tilt Poker
-Amaya

The guys running this site are criminals. Just look at their checkered criminal history, look at the Baazov family, and look at what they've done so far with ownership of Pokerstars. The writing is on the wall.

Dnegs made any comment yet?

And let me act as a voice of reason against those who could potentially be spreading DANGEROUS CONSPIRACY THEORIES: clearly the recent push made by the Quebec government to ban all illegal gambling sites (that is, all of them except those that they control) and the accusations at hand AREN'T, CAN'T, COULDN'T POSSIBLY BE ASSOCIATED IN ANY WAY SHAPE OR FORM. Any apparence of collusion or entities working with one another can surely be explained by our blatant incompetence, or because of other reasons, as you see fit, and if there was ever to be any apparence of such entities benefiting of things, then you should get checked for paranoia or BUY A NEW TINFOIL HAT YOU CONSPIRACY THEORISTS

Apparently on 2p2 it's "Guilty till proven innocent." Wait... Scratch that, it's "guilty no matter what, because we hate how Amaya's ruining online poker."

Raidalot needs to step up to the plate imo.

Just Like Mordechai never Bowed to Haman May David Baazov never bow to the Canadian SEC....

why market getting crazy now ? news cover the suspection months before. it is only cuz they make it official ?

Seems a reasonable line to take.

investigators were SNEs obv

Where's Renegs?

u love that? so u antisemite bro? lets get a ban here

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.

Dappadan is Jewish tho, bro.

This tale has a general leson for investors - Corporate Governance matters.

The fund I use for my share investments has a corporate governance filter - they will never hold shares in a firm where the CEO is also the Chairman, or in Baazov's case CEO, Chairman and President, presumably as the ego needs that extra boost.

Not only is Baazov too dominant Amaya has a very small and weak board. Dominated by Baazov.

http://www.amaya.com/amaya/leadership/

Nobody has been holding Baazov to account.

The urgent next step for Amaya is to somehow find a credible Chair and some effective independent directors.

"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

*

lying scum

You know they would, probably for the same amount of $'s as if they didn't know.

Well I'm surprised that they have indicted other directors or officers as that is usually a sign of a more endemic and widespread corruption or malpractice at the company. They must have something very specific on Baazov that doesn't affect anyone else or really any other operation of the company.

on the plus side, stock is almost cheap enough we could all buy enough shares and vote all of them out. (tho dunno if we could before baazov buys out and takes over (btw--I can't think of a response like that from an innocent person offhand))

I'm willing to torch a few bucks for the cause anyway.

Baazov seems like one of those guys who always gets into power and always goes too far with it and it blows up and he always believes he did nothing wrong. A classic psycho.

It doesn't matter that he didn't personally profit from it. The fact that he could have is good enough. Also there is nothing precluding the others that he has told cutting him a slice of the deal through a third party arrangement.

If Baazov is found guilty or accepts the charges and pleads guilty, then the board (for those that won't be separately charged following the outcome of the prosecution of Baazov) will most certainly have to as they appointed him and therefore, need to take the fall for this appointment that has gone wrong.

Yes in the very short term the company doesn't need a CEO to function. I'm talking about a week maybe two tops given the size of the company. However, after this period of time, they will need to appoint an Acting CEO to be able to function (making decisions for the company that only the CEO can re operations) and that also comes from not just again about the size of the company but also their requirements as a publicly listed company.

LOL, General Wesley Clark is independent director, the guy is a war hawk, whats next madeleine albright?