Connect with us

Hi, what are you looking for?

Jewish Business News


David Baazov’s Amaya confirms probe by Quebec securities regulator

David Baazov,   Amaya Gaming Group
Amaya Gaming Group Inc said late on Thursday that the company and its officers are cooperating with Quebec securities regulator AMF in an investigation regarding trading activities in Amaya securities.

On Thursday, the Royal Canadian Mounted Police and Autorité des Marchés Financiers (AMF) raided the Montreal area offices of Amaya, Canadian investment bank Canaccord Genuity, and insurance firm Manulife Financial regarding the probe.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The Montreal-based company said the probe is related to trading activities in Amaya shares surrounding the corporation’s acquisition of Oldford Group in 2014.

Earlier this summer, Montreal-based Amaya closed on the $4.9 billion takeover of Oldford Group, operator of online gambling website PokerStars, just as several U.S. states have begun to move on legislation to legalize online gambling.

Manulife and Canaccord could not immediately be reached for comment.

Amaya said to its knowledge the probe does not involve any allegations of wrongdoing by the company. It said it will continue to cooperate, if and as requested, consistent with its practice to always cooperate with regulatory authorities.

It said the probe has had no impact on Amaya’s business operations, employees or companies.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News