Amaya bids farewell to CEO David Baazov

Canadian online gambling operator Amaya Gaming has bid adieu to CEO David Baazov (pictured), who took an indefinite leave of absence in March to deal with his unresolved insider trading charges.

On Friday, Amaya released its Q2 earnings results and announced that interim CEO Rafi Ashkenazi had been formally named Amaya’s permanent CEO. Ashkenazi will remain CEO of the Rational Group, the parent company of PokerStars, which Amaya acquired for $4.9b in June 2014.

Baazov was given a single line in the release regarding his resignation, saying he was “proud of my contributions in building Amaya into the successful company it is today, and continue to be supportive of its strategy and management.”

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