Tag Archives: Isai Scheinberg
- Amaya works out deferred payment deal with Scheinbergs
January 9, 2017
Canada’s Amaya Gaming has worked out a deal on a deferred payment owed to PokerStars’ former owners that won't require the company to issue new equity. On Monday, Amaya informed shareholders that it had figured out a plan to pay the remaining $197.7m of the deferred purchase price of the...
- Amaya Q3 revenue up 10%, need new lenders to cover deferred Scheinberg payment
October 18, 2016
Canadian online gambling operator Amaya Gaming says it expects to report a 10% rise in Q3 revenue despite the waning influence of its PokerStars brand's core poker product. On Tuesday, Amaya issued preliminary results for the three months ending September 30, saying it expects revenue to come in between $263m...
- GVC, William Hill in the hunt to acquire Amaya while David Baazov folds his hand (UPDATED)
October 7, 2016
UPDATE: William Hill and Amaya released a joint statement late on Friday confirming that they are “in discussions regarding a potential all share merger of equals.” The potential merger would be classified as a reverse takeover under the UK Financial Conduct Authority’s listing rules. The statement emphasized that talks are...
- Amaya says Scheinbergs reject any responsibility for $870m Kentucky damages
February 23, 2016
Canada’s Amaya Gaming says PokerStars’ former owners have rejected responsibility for the $870m judgment the Commonwealth of Kentucky was awarded shortly before Christmas. On Monday, Amaya announced that it had filed a notice of appeal of that $870m judgment, which relates to PokerStars’ dealings with Kentucky customers in the period...
- Baazov bid for Amaya won’t include Scheinbergs; BetStars loses Stephen Fisk
February 4, 2016
PokerStars’ former owners Isai and Mark Scheinberg won’t be part of David Baazov’s bid to acquire Canadian gaming operator Amaya Gaming and take it private. On Monday, Amaya CEO Baazov announced he was planning a C$2.8b bid for Amaya, which owns PokerStars and Full Tilt, properties formerly controlled by the...
- New Jersey ordered Amaya to part ways with four former PokerStars and Full Tilt execs
October 10, 2015
The New Jersey Division of Gaming Enforcement (DGE) ordered Amaya Gaming to part ways with four senior execs connected with PokerStars and Full Tilt as a condition of receiving a license to operate online gambling in the state. On Friday, the DGE released a report of its investigation of Amaya’s...