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BETA   •   SUNDAY, SEPTEMBER 22ND, 2019

Amaya CEO faces charges – Stock down over 20%

March 23 Sandra Wong

In the same week that PokerStars announces long-awaited New Jersey online poker platform, Amaya CEO faces charges of market manipulation.

Amaya stock went down 20% today. After trading resumed today, Amaya’s stock plummeted, wiping out all gains since the PokerStars deal was announced. The shares fell by more than 21 per cent to $14.64, amounting to a loss of more than C$524 million in value.

CEO of online gaming company Amaya faces charges

David Baazov faces five charges, including influencing or attempting to influence the market price of the securities of Amaya and communicating privileged information.

 

amaya-stock-plunge-2016-ceo-pokerstars

 
SOURCE: TheStar

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