*** Official 2016 AmayaStars Regulars Thread ***
03-22-2016
, 10:47 PM
03-22-2016
, 11:35 PM
03-22-2016
, 11:39 PM
03-23-2016
, 12:10 AM
03-23-2016
, 04:21 AM
03-23-2016
, 09:03 AM
03-23-2016
, 01:15 PM
03-23-2016
, 05:38 PM
03-23-2016
, 09:51 PM
I think it's safe to say that the fourteen years of goodwill that Old Stars built up has now been completely destroyed, if there had been any left before today's announcement.
This is an interesting post:
If you read through the full text of the (year old) link provided, then it's easy to form a less than trusting opinion of Baazov.
Even those veterans amongst us, used to hearing rigtards going on and on, can no longer have faith in the fairness of their games- not so much the "RNG" side of things, but it's not beyond the realms of possibility that, say, a million dollar Spin & Go jackpot gets awarded to a newly created account without a legitimate owner.
This is an interesting post:
Quote:
Hadn't seen this (long) year-old article before. Part of it details the history of D. Baazov's business ventures and gives a different impression than that polished/PR-like Forbes article.
https://advisor1.dynamic.ca/servlet/...cenic_24950113
So apparently the corporation that led to Amaya Gaming started as a spray-tanning business...
-Ben Ahdoot (one of the indicted, childhood friend of DBaaz) & Baazov founded a company Vortek that sold, among other things, compact audio discs (i.e. they'd import blank discs and re-sell them). For each disc sold, you had to pay a $$ levy (that went to copyright/artist protection from illegally downloaded songs).
Sounds like Vortex just kept the $$, an action was brought by the Canadian Copyright Collective, while Baazov/Ahdoot delayed paying & fought it for 3 years. CCC won, Vortex ended up being ordered to pay $1.7 million + another $900k in penalties. Two months later they flied for bankruptcy, and Vortek was liquidated with insufficient assets to pay. (The judge said Adhoot/Baazov were not personally liable as the CCC lacked evidence to prove bad faith)
-Around '04/'05, Baazov bought a company that had been known as "Celebrity Tan" - it pivoted in it's business pursuits, and re-named itself Gametronix. Then, it was re-named again....to Amaya Gaming Inc.
-David's older brother has allegedly represented Amaya in various business dealings (according to a number of people dealing with him). DBaaz/Amaya have denied this, when asked. It's for obvious reasons (when trying to get licenses, etc.?), because his brother has run afoul of the law a couple of times. Also, the only shareholder on the original registration of Celebrity Tan/Gametronix/Amaya has allegedly incorporated a number of business with JBaaz.
Josh/Ofer was ordered by the US Federal Trade Commission to-pay $700k+ that his company had effectively scammed (allegedly) out of senior citizens in a telemarketing scheme - they bought merchandise over the phone with the promise/chance to win big prizes (there were no prizes). He's also been convicted on 4 counts of cocaine possession in Canada. Apparently, none of the $700k+ has been repaid.
-Back in 2010, right before Amaya negotiated their initial IPO, they had fallen behind on one bank loan, while paying 14% interest on another. They were able to close the IPO deal & raise $5 million, selling their IPO shares @ $1/share.
-In 2012 Amaya's purchase of Cryptologic almost fell through, until Yoel Altman came in with a $5 million bridge loan. He's helped Amaya with subsequent financings as well. Altman was one of the people indicted for insider trading.
-In December 2013 Amaya reported -$29 million CDN in losses on $155 million CDN in revenue. It was the 3rd straight year of reported losses.
Etc...
Probably largely-standard stuff in the process of corporate "sausage-making", but a much more interesting read that any Forbes, et. al. fluff-piece.
https://advisor1.dynamic.ca/servlet/...cenic_24950113
So apparently the corporation that led to Amaya Gaming started as a spray-tanning business...
-Ben Ahdoot (one of the indicted, childhood friend of DBaaz) & Baazov founded a company Vortek that sold, among other things, compact audio discs (i.e. they'd import blank discs and re-sell them). For each disc sold, you had to pay a $$ levy (that went to copyright/artist protection from illegally downloaded songs).
Sounds like Vortex just kept the $$, an action was brought by the Canadian Copyright Collective, while Baazov/Ahdoot delayed paying & fought it for 3 years. CCC won, Vortex ended up being ordered to pay $1.7 million + another $900k in penalties. Two months later they flied for bankruptcy, and Vortek was liquidated with insufficient assets to pay. (The judge said Adhoot/Baazov were not personally liable as the CCC lacked evidence to prove bad faith)
-Around '04/'05, Baazov bought a company that had been known as "Celebrity Tan" - it pivoted in it's business pursuits, and re-named itself Gametronix. Then, it was re-named again....to Amaya Gaming Inc.
-David's older brother has allegedly represented Amaya in various business dealings (according to a number of people dealing with him). DBaaz/Amaya have denied this, when asked. It's for obvious reasons (when trying to get licenses, etc.?), because his brother has run afoul of the law a couple of times. Also, the only shareholder on the original registration of Celebrity Tan/Gametronix/Amaya has allegedly incorporated a number of business with JBaaz.
Josh/Ofer was ordered by the US Federal Trade Commission to-pay $700k+ that his company had effectively scammed (allegedly) out of senior citizens in a telemarketing scheme - they bought merchandise over the phone with the promise/chance to win big prizes (there were no prizes). He's also been convicted on 4 counts of cocaine possession in Canada. Apparently, none of the $700k+ has been repaid.
-Back in 2010, right before Amaya negotiated their initial IPO, they had fallen behind on one bank loan, while paying 14% interest on another. They were able to close the IPO deal & raise $5 million, selling their IPO shares @ $1/share.
-In 2012 Amaya's purchase of Cryptologic almost fell through, until Yoel Altman came in with a $5 million bridge loan. He's helped Amaya with subsequent financings as well. Altman was one of the people indicted for insider trading.
-In December 2013 Amaya reported -$29 million CDN in losses on $155 million CDN in revenue. It was the 3rd straight year of reported losses.
Etc...
Probably largely-standard stuff in the process of corporate "sausage-making", but a much more interesting read that any Forbes, et. al. fluff-piece.
Even those veterans amongst us, used to hearing rigtards going on and on, can no longer have faith in the fairness of their games- not so much the "RNG" side of things, but it's not beyond the realms of possibility that, say, a million dollar Spin & Go jackpot gets awarded to a newly created account without a legitimate owner.
03-24-2016
, 02:53 AM
03-24-2016
, 11:29 AM
03-24-2016
, 11:59 AM
03-24-2016
, 02:47 PM
03-25-2016
, 12:55 PM
Quote:
cant wait for melea's take on DN comments about rake increase...
http://www.pokernews.com/news/2016/0...ases-24394.htm
http://www.pokernews.com/news/2016/0...ases-24394.htm
03-25-2016
, 01:04 PM
03-25-2016
, 01:38 PM
Quote:
cant wait for melea's take on DN comments about rake increase...
http://www.pokernews.com/news/2016/0...ases-24394.htm
http://www.pokernews.com/news/2016/0...ases-24394.htm
03-25-2016
, 04:07 PM