AmeriCorps Day, 2016

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Baazov pens CAD $3.5 billion offer for Amaya assets

first_imgDavid Baazov the former Chief Executive Officer of Amaya Inc, has penned a reported CAD $3.5 billion (US $2.56 billion) offer to acquire the Toronto TSX-listed operator outright.Baazov who is currently facing charges of insider trading by Quebec’s securities regulator Autorité des Marchés Financiers (AMF) makes his formal approach to purchase Amaya assets outright.The former Amaya CEO who officially resigned as leader of the company this August is prepared to pay CAD $24 per share representing a premium of 30.9 percent to Amaya’s Friday close of CAD $18.34.Baazov who currently owns approximately 17.2% of Amaya equity, is reported to have his bid financing supported by four separate funds. Should his acquisition be successful, Baazov will move to create a new business entity holding Amaya’s core asset of PokerStars.The new entity is prepared to set aside $200 million until its deal with Amaya is approved, with Baazov further stating that if the deferred payment is due before the deal closes, the entity will release funds in advance.Amaya’s latest acquisition offer comes following last month’s failed merger negotiations with FTSE-listed bookmaker William Hill Plc. The merger which looked to create a ‘global gambling powerhouse’ failed to gain key investor backing from both operators.Since Baazov’s departure from the company, Amaya governance has created a ‘special committee’ reviewing the firm’s potential strategic options.In its latest trading update, Amaya reported a better-than-expected Q3 2016 performance with the operator declaring a net income of US $12.6 million boosted by increased player activity. StumbleUpon Submit ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 Share Share Related Articles Canada’s sports betting hearings threatened by Trudeau’s ’emergency recess’  August 24, 2020last_img read more

BetVictor ups player security installing two-factor authentication

first_img BGC: Charities win big as bookies take beating in Britannia Stakes June 19, 2020 StumbleUpon BetVictor boosts casino portfolio with EveryMatrix’s CasinoEngine June 25, 2020 Submit EveryMatrix ups CasinoEngine gamification tools with CompetitionLabs June 29, 2020 Related Articles BetVictor has deepened its commitment to safeguarding players by introducing a two-factor authentication as it looks to protect all new and existing customer accounts.The in-house-developed ‘multi-factor authentication’ will safeguard against compromised account details and significantly reduce the risk of a customer becoming the victim of fraud or identity theft.With 81% of hacking-related data breaches resulting from weak or stolen passwords (Verizon, 2017), this extra layer of security from BetVictor seeks to ensure customer accounts are secure before their initial deposit and during all future transactions.BetVictor has introduced 2FA via SMS, meaning every new and existing customer that opts-in will receive a unique code on their mobile device to authenticate their registration. BetVictor joins a handful of industry operators currently offering this technology as part of its commitment to prioritising customer security.Jonathan De La Rosa, Chief Technology Officer at BetVictor, commented on the importance of the new technology: “Online crime and internet fraud are on the rise and businesses with an online presence are targets,” he said.“Thus, it’s crucial for our company to have effective security systems in place to mitigate the risk of security breaches. A large number of cyber-attacks are password related and integrating multi-factor authentication on our platforms, demonstrates our continued efforts to safeguard our customers’ data.“We’re proud of what we’ve achieved so far with our products and we’ll continue to develop this service as part of our commitment to our customers and our mission to provide best-in-class technology solutions.” Share Sharelast_img read more