Amaya Inc Approved For Nasdaq Exchange Listing

Amaya Inc Approved For Nasdaq Exchange Listing

Nasdaq listing will ease investor concerns about an ongoing research into Amaya by the Quebec regulator that is financial.

Amaya Inc has been approved for listing in the Nasdaq Global Select Market and expects to begin trading on June 8 under the AYA ticker symbol, the company announced this week.

The team has traded in the Toronto inventory exchange since 2013, but Amaya feels that the Nasdaq listing will express a step up into the big leagues, befitting its newfound status as a gaming giant that is global.

It will likewise help to assuage concerns about an investigation that is ongoing the Montreal financial regulator, Autorité des Marchés Financiers (AMF).

Amaya’s share costs took a hit that is temporary its Canadian workplaces were raided in December included in a probe into alleged improper conduct in the lead up to the business’s $4.9 billion takeover of PokerStars.

Into the weeks before the acquisition announcement the company’s share price almost doubled, leading to suspicions of insider trading.

Financial Investigation

According to search warrants and affidavits released from a publication ban with a Quebec judge, the AMF was granted approval to confiscate computers and electronic security products from three staff members whose names have been redacted from the document.

Amaya has emphasized that it is cooperating fully with the investigation and so it fully expects to be cleared of any wrongdoing.

‘The company is confident that at the end regarding the investigation the AMF will arrived at the conclusion that is same Amaya has; that if there have been violations of Canadian securities legislation, they were not committed by the Company, officers or directors,’ it said in an official statement recently.

Court documents expose that AMF ended up being interested in 20 people variously used at Amaya, Manulife Securities Inc and Canaccord Genuity Corp.

The latter two companies facilitated the deal between Amaya therefore the Oldford Group, the parent company of the Rational Group, which owns PokerStars.

It is believed the AMF launched its investigation after being contacted by whistle-blowers.

Nasdaq Listing a Vindication

‘The Nasdaq worldwide choose Market is Nasdaq’s top-tier trading platform, created for public companies that meet the best of quantitative and listing that is qualitative, related to, among other things, financial condition, liquidity and corporate governance practices,’ emphasized the company this week.

‘Our listing on Nasdaq is a milestone that is important Amaya and a testament to the tremendous progress we have made over our five years as a general public company,’ added Amaya chairman and ceo David Baazov. ‘ We anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our help and stock broaden our shareholder base.’

Amaya recently released Q1 figures of CAD$340.1 million ($283.5 million), representing a 2,549 percent increase on revenues from Q1 2014.

Paul Phua Wins Hand with Judge’s ruling that is latest in Sports Betting Case

Paul Phua will certainly be a pleased guy if prosecutors decide on Friday to dismiss all charges against him as a result of lack of admissible evidence. (Image:

Paul Phua, the poker player and rich businessman that is malaysian of masterminding a multimillion dollar World Cup recreations betting ring from in the grounds of Caesars Palace, may walk free on Friday.

After a judge that is federal all the rest of the evidence against him, prosecutors in the case now have till noon the next day to choose whether to press ahead with the situation with which has no admissible proof, or simply drop all costs.

The majority of evidence against Phua, that was gathered by the FBI during a sting that is controversial, was tossed by United States District Judge Andrew Gordon final month when he ruled that the operation had violated Phua’s Fourth Amendment rights.

Illegal Raid

The FBI instructed staff at Caesars Palace in Las Vegas final July to shut off the wireless access to three luxury villas while they posed as repair specialists in order to gain access and collect evidence.

Among the villas, not Phua’s, was described by agents as a ‘high tech wire space,’ where World Cup bets from world wide were presumably being processed with a community of computer systems. Six members associated with combined team were afterwards arrested, including Phua’s son Darren, and they have all since pleaded guilty and received fines and probation.

The judge ruled that the ruse have been illegal and furthermore that the FBI had duped a magistrate judge into granting a search warrant by not disclosing the full details of its plans.

‘Permitting the us government to generate the need for the occupant to invite a 3rd party into his or her home would effectively enable the government to conduct warrantless queries of most residences and resort rooms in America,’ Gordon had written in his April decision, as he dismissed evidence obtained from Phua’s own villa.

‘No More Evidence’

Undeterred, the prosecution pressed ahead, confident that the rest of the evidence was ‘more than adequate to sustain’ a conviction, and added a conspiracy indictment to the prevailing felony counts in order to have a better possibility of a effective prosecution.

The included fee meant that prosecutors would now just have to prove that Phua had been conspiring with the group arrested summer that is last. However, now that the proof from all three villas has been tossed, they might struggle.

Phua’s lawyer David Chesnoff, whose team demanded that remaining evidence be tossed underneath the of a poisoned tree,’ said: ‘This squarely sends the message that unlawful searches will not be tolerated into the region of Nevada.

‘There’s forget about evidence from anywhere,’ he included.

The prosecution has additionally contended that Phua, A macau that is former junket, has links to the notorious 14K Triads, an allegation Phua denies.

Rick Santorum and George Pataki Latest GOP Hopefuls to Oppose Online Gambling Expansion

Rick Santorum and George Pataki, two new GOP hopefuls for 2016, are not only joining the other Republican candidates in search of the celebration’s solution, but also within their anti-online gambling views. (Image:

GOP hopefuls Rick Santorum and George Pataki are the latest members of the Republican Party to toss their hats in to the ring for the 2016 presidential battle, and similar to the other six contenders who have officially announced their candidacy, both former lawmakers are against continued legalization of gambling and iGaming.

Santorum, a senator that is former Pennsylvania, and Pataki, the 53rd governor of brand New York, stressed less government, a reduced nanny state, and other conservative policies in speeches this week.

‘Working families do not need another president tied to big cash,’ said the 57-year-old Santorum at a factory outside of Pittsburgh in Cabot, Pennsylvania. ‘I am proud to stand right here among you and for you, the US workers who have sacrificed a great deal, to announce that i’m operating for president.’

In an address to supporters in New Hampshire, Pataki, 69, said the policies he implemented in New York while governor from 1995-2006 were successful.

‘After 12 years of my conservative policies, we replaced dependency with opportunity, resignation with hope, mere existence with dreams, a welfare check by having a paycheck. I understand we can do the same thing for the United States,’ he declared.

Less Government, Except for Gambling

Two regarding the founding tenets of the Republican Party include less government oversight and market that is free, and nearly every one of the GOP hopefuls for the 2016 presidential election echo those sentiments. There is, however, one exception, that being where gambling and Internet betting are concerned.

Whenever it comes to healthcare, the party line supports an open market that it says would better provide ‘we the individuals,’ as doctors and patients should decide which plan is best instead of federal government. But regarding making a choice on whether to play online poker or blackjack, most GOP candidates seem to move toward legislation, government oversight, or a downright ban.

It’s a stance that is rather firm certainly seems to stay contradiction associated with the party’s fundamental platform.

During his 2012 election campaign, Santorum had this to Las vegas, nevada Sun reporter Jon Ralston:

‘Freedom’s not absolute… There are limitations. You might want to say the same thing about a whole variety of other things that are on the web, ‘let everybody have actually it, let everybody take action.’ No. You can find certain things which in fact do cost people a lot of money, cost them their lives, cost them their fortunes that we have ton’t have and make available… That’s why we regulate gambling. You have a big commission right here that regulates gambling, for a explanation.’

Pataki shares Santorum’s concerns, and even supports RAWA, the bill backed by casino billionaire Sheldon Adelson that will ban online gaming. At a Coalition to prevent Internet Gambling meeting in Pataki voiced his qualms with iGaming february.

‘They have said it will be really difficult if not impossible to monitor this,’ Pataki said. ‘ Changing the law that was in effect for 20 years simply by a ruling of the Department of Justice, this is not in the American people’s interest that is best.’

GOP vs. Hillary

Unless Hillary Clinton makes a colossal mistake or something nearly criminal comes to light regarding her campaign, she’s without question the best favorite for the Democratic solution. That means it will likely be Hillary vs. a big field of conservatives vying for a chance at the White House.

Though Democrats aren’t universally in favor of gambling expansion, and Clinton actually voted in favor associated with SAFE Port Act and Internet that is unlawful Gaming Act of 2006, bills that prohibited online betting, the GOP constituents seem more adamantly opposed.

That’s one thing many gamblers will need to just take into account come primary season, along with, needless to say, other pressing issues that affect our everyday lives.

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