Amaya, the Montreal, Canada-based online gaming giant that owns PokerStars, has recently taken some unusual steps, deciding to exclude the media and non-holders from its annual general meeting on Tuesday.
Amaya was found in 2004 and it soon became one of the leading online gaming developers. The company then became an owner of PokerStars and was the major force on the online Poker world. Until 2014 Amaya became the world’s largest publicly traded online gaming company. Until recently, when former chairman and CEO David Baazov faced charges following an investigation into allegations of insider trading, the company was growing fast, yet now it strives to get its name back.
The annual general meeting that took place on Tuesday, was the first after David Baazov stepped down from its position of a CEO after he was charged following an investigation into allegations of insider trading. Shareholders that were leaving the meeting informed that they all were informed during the outset that no discussion regarding the accusation against Baazov, the ongoing investigation by the Quebec securities regulator or the possibility of a takeover will have place.
“We’re treating it the way we feel is appropriate for shareholders this year,” Amaya spokesman Eric Hollreiser told reports outside the meeting.
Interim CEO Rafi Ashkenaz did not comment on the matter.
About Amaya
After being formed in 2004 Amaya company was providing a full B2B services until 2014. The former business to business services included the design, development, manufacturing, distribution, sale and service of technology-based gaming solutions for the regulated gaming and interactive entertainment industries worldwide, primarily to land-based and online gaming operators and governmental agencies and bodies, and ultimately indirectly to end-users and consumers. Currently, Amaya is one of the biggest gaming providers on the market. The company supplies land based casinos with its games and slot machines, and offers a vast range of online gaming services to online casinos. The company is also an owner of PokerStars platform and a leading online poker operator.
