Hit and Run: Update on Potential Amaya Sale; Hellmuth on Beating Trump; 888 Has New CEO

Steve Ruddock : March 2nd, 2016
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Update on potential Amaya sale. Itai Freiberger installed as new CEO of 888. Phil Hellmuth calls Donald Trump a LAG and says key to beating the frontrunner is patience. And more.

Update on potential takeover of Amaya by CEO David Baazov

Amaya Gaming has issued an update on the potential takeover bid current CEO David Baazov is contemplating. According to the company, they have taken the following actions (despite no offer having been made):

  • Engaged Moelis & Company LLC to provide an independent valuation of Amaya’s securities in connection with any offer that may be made by Mr. Baazov. […]
  • Engaged with Mr. Baazov in settling the terms under which confidential information regarding Amaya would be made available to Mr. Baazov’s group for the purposes of evaluating and possibly making an offer.
  • Implemented processes and restrictions and established guidelines regarding the ongoing management of Amaya in the context of a potential offer for Amaya by a group led by Mr. Baazov.  […]
  • Determined, in consultation with the Audit Committee of the Board of Directors, that in view of the potential offer that may be forthcoming from Mr. Baazov, and the fact that the Special Committee’s financial advisor and the independent valuator have commenced their review process, Amaya will not be providing guidance with respect to its 2016 financial performance in conjunction with the release of its financial results for the fourth quarter and year ended December 31, 2015.

Quick Hitters

- Kevin MacPhee talked to PokerNews.com about his selection by Bryn Kenney to play for the GPL’s New York Rounders franchise.

- Aaron Todd of Casino City Times sat down with WSOP Vice President of Corporate Communications Seth Palansky to talk about the recently released WSOP schedule and how to grow the game of poker.

- Phil Hellmuth recently offered some advice to the political class, laying out how he’d go about defeating Donald Trump, who Hellmuth called the quintessential LAG player, in an interview with The Street.

- Itai Freiberger has officially been promoted to CEO at 888 Poker. Freiberger will take over for Brian Mattingley. Freiberger will have big shoes to fill, as 888 experienced marked growth under the stewardship of Mattingley.

- With United Auburn Indian Community joining the PokerStars coalition, there was a slight shift in power in the fight for California online poker.

- Poker Night in America has added one of poker’s best known voices to their team, as they’ve announced EPT veteran Joe Stapleton will be joining Chris Hanson to provide commentary to the televised poker show.

Get your daily dose of poker news with the PTP Hit and Run.

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