Amaya CEO David Baazov is Bullish on Company’s Stocks, Snaps Up Paper Price that is following Drop

Amaya CEO David Baazov is Bullish on Company’s Stocks, Snaps Up Paper Price that is following Drop

Amaya CEO David Baazov is hoping to laugh their option to the bank after acquiring 60,000 stocks of his or her own company’s stock at what he considers a bargain cost after a stock drop.

David Baazov happens to be called the ‘King of on the web Gambling’ by Forbes, and now the 35-year-old Amaya CEO is hoping to prove his business savvy and managing associated with largest poker community into the world will translate to big gains on Wall Street.

After Amaya slashed its 2015 earnings that are economic on the heels of a stronger US buck, shares of the company plummeted on both the Toronto and NASDAQ stock exchanges.

Investors fled the gaming conglomerate, fearing the strengthening currency that is americann’t the only culprit in charge of a 13 percent revenues cutback projection.

Baazov isn’t fazed, and is out to prove investors incorrect. Simply two days after Amaya stock fell 30 %, the Canadian CEO bought 60,000 common shares on the Toronto Stock Exchange at CA$20.30 ($15.22) per share for the deal total of $912,798.

Fools Rush In

Several market analysts agree with Baazov that Amaya is ripe for picking by capitalists searching for an improvement stock with considerable potential. Those types of experts is Nelson Smith, a writer for The Motley Fool in Canada.

‘Between its PokerStars and Full Tilt Poker platforms, it commands about 70 per cent of the market,’ Smith writes on the i

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence

One of the ‘Big Four’ audit businesses, the accuracy of PwC’s five-year Global Gaming Outlook published in 2011 is slowly coming to light.

PricewaterhouseCoopers’ (PwC) Global Gaming Outlook, published in 2011 forecasting the half-decade leading for this, hit the nail in the head regarding much of the gambling industry’s economics, nevertheless the company missed the mark on two key issues.

PwC got a lot right in its five-year perspective on gambling, but failed on what has emerged as the two most predominant problems in worldwide gambling news: Macau’s economic issues and fantasy that is daily (DFS).

To its credit, PwC rightly foresaw online gambling in the usa, saying states would legalize Web casinos independently before Congress would intervene.

That was a bold projection in 2011, taking into consideration the Department of Justice and FBI had just recently seized the assets of PokerStars and Full Tilt Poker, however a forecast that came true.

PwC also correctly hypothesized Internet gaming will be used to complement land-based gambling enterprises, a prophecy that came to pass through as Nevada, New Jersey, and Delaware all require online operators to work in tandem with brick-and-mortar casinos or race songs.

The audit and assurance, tax advisory, consulting, legal, and actuarial company disclosed that the international Gaming report had not been intended to offer legal or investment advice,