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David Baazov, former president and chief executive officer of gaming company Amaya Inc. (Christinne Muschi/Reuters)
David Baazov, former president and chief executive officer of gaming company Amaya Inc. (Christinne Muschi/Reuters)

Former Amaya CEO David Baazov sells 7 million shares Add to ...

David Baazov says he has sold seven million common shares in Amaya, the Montreal-based gaming company he founded and once led as CEO before he encountered legal troubles.

Baazov sold the stock on the S&P/TSX composite index for $19 per share, totalling $133-million.

The disposition leaves Baazov with roughly 17.6 million common shares, representing 12.1 per cent of the company’s issued and outstanding common stock.

Baazov pleaded not guilty last year to securities-related charges following an investigation into allegations of insider trading.

He had proposed to buy Amaya, but walked away from the bid in December.

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  • Amaya Inc
    $24.91
    -0.09
    (-0.36%)
  • Amaya Inc
    $18.45
    -0.10
    (-0.54%)
  • Updated May 26 4:00 PM EDT. Delayed by at least 15 minutes.

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