After being under serious scrutiny after charges were filed against he and his business associates, Amaya Gaming Group CEO, David Baazov, continues to maintain his innocence after officially pleading not guilty this past Monday. Quebec securities regulator, Autorité des marchés financiers (AMF) filed the charges back in March.

According to the AMF, files were charges as a result of illegal activity having taken place between December 2013, and June 2014. The latter date marks the time in which Amaya, Canadian gaming and online gambling company, obtained Full Tilt Poker, as well as PokerStars for $4.9 billion from the Rational Group.

Over the last few weeks, Baazov was faced with the matter of submitting ‘not guilty’ pleas, in order to address 23 separate charges filed against himself, his fellow associates, and three other companies (Diocles Capital Inc., Sababa Consulting Inc. & 2374879 Ontario Inc.), each carrying with it a 5-year sentence, up to $5 million in fines. The case will now be redirected to Quebec court, in order to finalize trial dates, and to select a judge who will be handling the case. This information has been confirmed by AMF spokesperson, Sylvain Theberge, as reported to the Canadian Press.

In response to Baazov pleading his innocence, Amaya released a comment, stating, it “believes they are without merit and expects Mr. Baazov will be fully exonerated.”

Furthermore, Amaya has also publicized that Baazov will be voluntarily submitting to “indefinite paid leave of absence” to “focus on preparing an offer to acquire Amaya and to avoid a distraction for the company.”

Live activity feed

Swipe left or right to see more

lcb activities in the last 24 hours

  • 38
    new members
  • 603
    members online
  • 17798
    guests online
  • 101
    new posts
  • 14001
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results