Forbes profiles Amaya CEO David Baazov

[The Buzz]

"At 33 Baazov was the little-known chief of Amaya, an obscure Montreal company with a loose handful of assets in the gambling industry. But he had big plans. With the backing of Blackstone’s credit division he wanted to stage the $4.9 billion purchase of PokerStars, the world’s biggest online poker company. Operating like he held all the cards, Baazov proposed what would seem to be a crackpot scheme. Despite Amaya’s stock trading just under $7 (all prices are in U. S. dollars), he wanted Blackstone and other investors to buy shares at nearly $18 apiece and securities convertible into Amaya stock at about $21."

http://www.forbes.com/sites/nathanva...ambling-is-34/

[ocreditor]

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