03 Dec
In News
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Despite initial hiccups, David Baazov sets eyes on acquiring Amaya

Former chief executive of Amaya David Baazov still has plans to own the company he was forced to exit due to an investigation of corruption. Interestingly, a supporter investor denied any involvement in this move by Baazov.

Kalani Lal, chief executive of KBC Aldini Capital, told the media that his company was not part of the process despite its name appearing in several reports.

KBC and three other investors were named by Baazov in a filing with the US Securities and Exchange Commission (SEC) as the firms that would bid to takeover Amaya Gamin, which is valued at approximately C$3.65 billion (€2.56 billion/U$2.70 billion).

“I don't know who Amaya is; we have not given any commitment, nor have we had any discussions or any type of verbal communication,”Lal said.

Baazov already has a 17% stake in Amaya. However, the company’s shares fell after Lal’s comments appeared in the media. Since then, Baazov has stated that he intends to look to alternate investors.

“Baazov intends to obtain replacement financing and still currently intends to acquire Amaya on the terms previously disclosed by him on November 14, 2016,” read a report in Reuters.

Amaya has stated that the bid from Baazov would be carefully studied before any further action was taken. These are definitely interesting times for the biggest gaming company in the world.

It remains to be seen how Baazov plays this going forward and whether this big bet pays any dividends.

Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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