Baazov backer vows to boost commitment to ensure Amaya bid success

Former Amaya Gaming CEO David Baazov has confirmed that a Dubai-based investment firm is not involved in his bid to acquire Amaya.

On Tuesday, KBC Aldini Capital Ltd publicly refuted Baazov’s claims that it was one of four financial entities backstopping Baazov’s C$24 per share bid to acquire Amaya, the parent company of PokerStars. Baazov (pictured) announced the bid on November 14 in a filing with the US Securities and Exchange Commission.

KBC CEO Kalani Lal told Toronto’s Globe & Mail newspaper that his firm had never “given any commitment, nor have we had any discussions, or any type of verbal communication” about Amaya with anyone. Lal said his firm had submitted a complaint to the SEC regarding Baazov “using KBC’s name fraudulently.”

On Wednesday, Baazov released a statement saying KBC had advised him that “the equity commitment letter purported to be delivered to Mr. Baazov on behalf of KBC was delivered without KBC’s knowledge or consent and that KBC has not committed to provide financing for the proposed acquisition of Amaya.”

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