Amaya has suffered a heavy drop in its share price after it was revealed that chief executive David Baazov will face five charges of insider trading in regards to the company’s acquisition of Oldford Group, the owner of PokerStars.
Canadian gaming giant Amaya has filed a notice of appeal against a Kentucky court order to pay $870 million (€794 million) in damages for subsidiary PokerStars’ allegedly illegal operations in the US state between 2006 and 2011.
Supporters of online poker in California have been dealt a blow after a bill that could potentially lead to the legalisation of such gambling activities in the US state was pulled from an Assembly Governmental Organisation Committee hearing.
The New Jersey Division of Gaming Enforcement (DGE) has revealed that it was only able to award an online gambling licence to PokerStars and Full Tilt after parent company Amaya agreed to fire four senior executives.
David Rebuck, director of New Jersey Division of Gaming Enforcement, has said the US state has delayed its decision over whether to award an online gambling licence to PokerStars due to an ongoing investigation into the brand’s acquisition by Amaya.
Assemblyman Mike Gatto has announced that he is to give up on attempting to pass a bill that would legalise online poker in the US state of California, claiming there is not yet a consensus on the issue.
Bryan Micon, former operator of the ‘Seals with Clubs’ Bitcoin poker site, will this week attend a court hearing in the US state of Nevada after being charged with operating an unlicensed gaming website.