David Baazov was born in Israel in 1980. His parents, both of Georgian descent, decided to move their family to Montreal only a year later. There, they found a tight-knit community of Orthodox Jews who became an extended family to them and their family of six children. [...] In 2005, Baazov founded what would become Amaya software. (gamblingsites.com)
In June 2014, the company agreed to buy the parent company of PokerStars and Full Tilt Poker, owned by Isai and Mark Scheinberg, for $4.9 billion borrowing $3 billion for the deal. The takeover made The Stars Group, then called Amaya, the world's biggest publicly listed online gambling company.
[Current CEO of The Star's Group is] Rafi Ashkenazi [who] became Interim Chief Executive Officer of The Stars Group, then Amaya, in March 2016 and then permanent Chief Executive Officer in November, 2016. On August 1, 2017, the company changed its name to The Stars Group Inc. Retired US Army General and former Democratic Party presidential nominee Wesley Clark is a former member of the board of directors.
David Baazov is currently the guy who runs the largest online poker room on the planet. This famous CEO has put in the time and effort to establish himself in the world of online gaming and from all appearances, he has become a major success.
In what is called “the biggest insider trading investigation in Canadian history”, Quebec’s securities watchdog, Autorité des marchés financiers (AMF) said it has uncovered a system of insider trading involving former Canadian Amaya Gaming Inc. CEO David Baazov, La Presse reports on Wednesday. The AMF claim these arrangements were “negotiated before the offenses” occurred and displayed a “high level of organization and sophistication.” The system worked in a pyramid-like fashion with David Baazov being the source of much of the privileged intelligence, the regulator alleges.
A glowing profile of 35-year-old Baazov in Forbes magazine in December 2014 referred to him as "the king of online gambling." The profile outlined the rags-to-riches story of Baazov, growing up with conservative Orthodox Jewish parents who kicked him out of the house at age 16. It says he was homeless and sleeping on park benches in Montreal for a time before becoming successful in business. "Baazov's story is an untold saga of chutzpah, luck and pure perseverance," the Forbes profile read.
Last updated: Sat Dec 08 2018 15:25:10
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