Amaya bans media from AGM

Amaya bans media from AGM

Wednesday, June 29, 2016 Totally Gaming
Shareholders met Amaya executives in private

Amaya has defended its decision to hold its AGM behind closed doors, with the company’s former chairman and chief executive David Baazov having been charged on several counts of fraud.

Top executives from the owner of PokerStars met with shareholders on Tuesday, but the media and non-shareholders were excluded from the meeting.

Amaya spokesman Eric Hollreiser said: “We’re treating it the way we feel is appropriate for shareholders this year.”

It was the company’s first meeting since Baazov and other executives pleaded not guilty to charges of insider trading laid by Quebec regulators. Baazov, who took an indefinite paid leave of absence in March and did not seek re-election to the Montreal-based company’s board of directors, is also the leader of one of several groups looking to buy the company.

Meanwhile, PokerStars has withdrawn its real-money online poker offering in Israel with immediate effect, citing a “commercial assessment”. Israel is considered a ‘grey’ market for online gambling as the country has not passed specific laws on gambling since 1977.

TotallyGaming.com says: “Amaya hoped to keep any difficult conversations at the AGM out of the public eye.”

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