Tag Archives: The Stars Group

Baazov Case Dismissed in Insider Trading Allegations

Ex-CEO of Canada online poker firm free and clear following dismissal of insider trading allegations. After more than two years, David Baazov‘s prognostication that he would be cleared of all insider trading charges against him has come true. Earlier this month, Quebec Judge Salvatore Mascia dismissed the insider trading case against Baazov and two co-defendants, granting the defence’s motion for a stay of proceedings after the prosecution fumbled hundreds of thousands of case documents. Ex-CEO of Canada Online Poker Firm Off the Hook In March of 2016, then-CEO of Amaya Inc. (now The Stars Group), David Baazov, was charged with insider trading. Quebec’s securities regulator, Autorité des marchés financiers (AMF), alleged that Baazov, two other defendants, Yoel Altman and Benjamin Ahdoot, and three related companies, had engaged in illegal trading practices to raise the necessary capital to complete the 2014 acquisition of Rational Group; parent company of the world’s largest … Continue reading

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The Stars Group seeks Sky Betting Funding via TSX, Nasdaq

Toronto online gambling juggernaut proposes common shares public offering. The Stars Group is already among the largest online gambling companies in the world. Based out of Toronto, it owns some of the largest iGaming operations in existence. Its portfolio includes online poker behemoths PokerStars and Full Tilt, along with the popular casino and sports betting sites, PokerStars Casino and BetStars. If their latest acquisition comes to fruition, The Stars Group will officially become the largest global operator in the online gambling industry. Earlier this year, the company set its sights on UK-based Sky Betting & Gaming, one of the largest iGaming brands in all of Europe. That company owns real money internet gambling operations Sky Bet, Sky Bingo, Sky Casino, Sky Poker, and Sky Vegas. It also operates several free-to-participate gaming sites as well as the odds comparison domain, Oddschecker. In April 2018, Sky Betting & Gaming and its majority … Continue reading

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Stars Group buys SkyBet… What Happens Next?

Future gets brighter still for Canada online gambling firm The Stars Group. Should SkyBet’s rivals be nervous? As we learned over the weekend, The Stars Group, an online gambling behemoth based in Toronto, Canada, boosted its portfolio with a major acquisition. The company spent a whopping $4.7 billion to acquire UK iGaming giant Sky Betting and Gaming (SBG). So… what happens next? In February, the company snatched up Australian sports betting operator CrownBet. Immediately after that, it was announced that CrownBet was scooping up the Australian branch of William Hill – another digital sports betting rival in The Land Down Under. And now, Stars Group has one of the UK’s largest iGaming groups, SBG, under its wing. Clearly, The Stars Group is working to spread its wings all across the globe, in more verticals than ever before. As the owner of PokerStars and Full Tilt, there’s no question that the … Continue reading

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