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Amaya Inc Approved For Nasdaq Exchange Detailing

Amaya Inc Approved For Nasdaq Exchange Detailing

Nasdaq listing will ease investor concerns about an ongoing investigation into Amaya by the Quebec financial regulator.

Amaya Inc is authorized for detailing on the Nasdaq Global Select Market and expects to begin trading on June 8 under the AYA ticker symbol, the organization announced this week.

The team has traded on the Toronto inventory exchange since 2013, but Amaya feels that the Nasdaq listing will represent a step up into the big leagues, befitting its newfound status as a gaming giant that is global.

It will also help to assuage concerns about an ongoing investigation by the Montreal financial regulator, Autorité des Marchés Financiers (AMF).

Amaya’s share rates took a temporary hit when its Canadian offices had been raided in December included in a probe into alleged improper conduct in the lead up to the business’s $4.9 billion takeover of PokerStars.

In the weeks before the acquisition announcement the company’s share price almost doubled, resulting in suspicions of insider trading.

Financial Investigation

According to search warrants and affidavits released from the book ban with a Quebec judge, the AMF was granted approval to confiscate computers and security that is electronic from three staff members whoever names have been redacted from the document.

Amaya has emphasized that it is cooperating fully with the investigation and it fully expects to be cleared of any wrongdoing.

‘The company is confident that at the end associated with the research the AMF will come to the same conclusion as Amaya has; that if there have been violations of Canadian securities guidelines, they were maybe not committed by the Company, officers or directors,’ it stated in an official statement recently.

Documents reveal that AMF ended up being interested in 20 individuals variously employed at Amaya, Manulife Securities Inc and Canaccord Genuity Corp.

The latter two organizations facilitated the offer between Amaya and the Oldford Group, the parent company of the Rational Group, which has PokerStars.

It is known the AMF launched its investigation after being contacted by whistle-blowers.

Nasdaq Listing a Vindication

‘The Nasdaq worldwide Select Market is Nasdaq’s top-tier trading platform, made for public companies that meet the greatest of quantitative and qualitative listing criteria, associated with, among other things, financial condition, liquidity and business governance practices,’ emphasized the business this week.

‘Our listing on Nasdaq is an important milestone for Amaya and a testament to the tremendous progress we have made over our five years as being a public company,’ added Amaya chairman and ceo David Baazov. ‘ We anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our help and stock broaden our shareholder base.’

Amaya recently released Q1 figures of CAD$340.1 million ($283.5 million), representing a 2,549 percent increase on profits from Q1 2014.

Paul Phua Wins Hand with Judge’s Latest Ruling in Sports Betting Case

Paul Phua will certainly be a happy guy if prosecutors decide on Friday to dismiss all charges against him as a result of lack of admissible evidence. (Image: youtube.com)

Paul Phua, the poker player and wealthy Malaysian businessman accused of masterminding a multimillion dollar World Cup recreations betting ring from inside the grounds of Caesars Palace, may walk free on Friday.

After a judge that is federal all the rest of the evidence against him, prosecutors in case will have till noon tomorrow to determine whether to press ahead with all the case with without any admissible proof, or just drop all fees.

The bulk of evidence against Phua, that has been gathered by the FBI during a controversial sting operation, had been tossed by United States District Judge Andrew Gordon final month when he ruled that the operation had violated Phua’s Fourth Amendment rights.

Illegal Raid

The FBI instructed staff at Caesars Palace in Las Vegas last July to shut off the wireless access to three luxury villas while they posed as repair professionals to be able to gain access and evidence that is collect.

One of many villas, not Phua’s, ended up being described by agents as a ‘high tech wire space,’ where World Cup bets from around the globe were allegedly being processed via a system of computers. Six users of this team were subsequently arrested, including Phua’s son Darren, and they have all since pleaded guilty and received fines and probation.

The judge ruled that the ruse have been illegal and moreover that the FBI had duped a judge that is magistrate granting a search warrant by not disclosing the full details of its plans.

‘Permitting the government generate the need for the occupant to invite a alternative party into his or her home would effectively allow the government to conduct warrantless searches of almost all residences and hotel rooms in America,’ Gordon composed in his April choice, as he dismissed evidence obtained from Phua’s very own villa.

‘No More Evidence’

Undeterred, the prosecution pressed ahead, confident that the remaining evidence was ‘more than adequate to sustain’ a conviction, and added a conspiracy indictment to the prevailing felony counts in order to have a better opportunity of the prosecution that is successful.

The included fee meant that prosecutors would now just have to prove that Phua had been conspiring with the team arrested summer that is last. However, now that the evidence from all three villas has been tossed, they might struggle.

Phua’s attorney David Chesnoff, whose team demanded that remaining evidence be tossed beneath the of a poisoned tree,’ stated: ‘This squarely sends the message that illegal searches will not be tolerated into the region of Nevada.

‘There’s no longer evidence from anywhere,’ he added.

The prosecution has also contended that Phua, A macau that is former junket, has links to the notorious 14K Triads, an allegation Phua denies.

Rick Santorum and George Pataki Latest GOP Hopefuls to Oppose Online Gambling Expansion

Rick Santorum and George Pataki, two brand new GOP hopefuls for 2016, are not just joining the other candidates that are republican search of the party’s ticket, but also within their anti-online gambling views. (Image: cbsnews.com)

GOP hopefuls Rick Santorum and George Pataki are the newest members of the Republican Party to throw their hats into the ring for the 2016 presidential battle, and much like the other six contenders who have officially announced their candidacy, both former lawmakers are against continued legalization of gambling and iGaming.

Santorum, a former senator from Pennsylvania, and Pataki, the 53rd governor of New York, stressed less government, a reduced nanny state, and other conservative policies in speeches this week.

‘Working families don’t need another president tied to big cash,’ said the 57-year-old Santorum at a factory outside of Pittsburgh in Cabot, Pennsylvania. ‘I am proud to face here among you and for you personally, the US employees who have sacrificed so much, to announce that i’m running for president.’

In an address to supporters in New Hampshire, Pataki, 69, said the policies he implemented in ny while governor from 1995-2006 had been successful.

‘After 12 years of my conservative policies, we replaced dependency with opportunity, resignation with hope, mere existence with aspirations, a welfare check having a paycheck. I am aware we can do the same thing for the usa,’ he declared.

Less National, Except for Gambling

Two regarding the founding tenets of the Republican Party include less government oversight and market that is free, and nearly most of the GOP hopefuls for the 2016 presidential election echo those sentiments. There is, however, one exception, that being where gambling and Internet betting are concerned.

It says would better serve ‘we the people,’ as doctors and patients should decide which plan is best instead of government when it comes to healthcare, the party line supports an open market that. But in terms of deciding on whether to play online poker or blackjack, most GOP candidates appear to go toward regulation, government oversight, or a ban that is downright.

It’s a stance that is rather firm certainly seems to be in contradiction for the party’s basic platform.

During his 2012 election campaign, Santorum had this to Las Vegas Sun reporter Jon Ralston:

‘Freedom’s not absolute… There are limitations. You might want to say the exact same thing about a whole number of other items that are on the net, ‘let everybody have actually it, let everybody do it.’ No. You can find certain things that truly do cost people a lot of money, cost them their lives, cost them their fortunes that we ought ton’t have and make available… this is exactly why we control gambling. You have big commission right here that regulates gambling, for a reason.’

Pataki stocks Santorum’s concerns, and even supports RAWA, the bill supported by casino billionaire Sheldon Adelson that would ban gaming that is online. At a Coalition to quit Internet Gambling meeting in Pataki voiced his qualms with iGaming february.

‘They have said it will be very difficult if you don’t impossible to monitor https://myfreepokies.com this,’ Pataki said. ‘ Changing what the law states which was in impact for 20 years by just a ruling of the Department of Justice, that is maybe not in the American people’s best interest.’

GOP vs. Hillary

Unless Hillary Clinton makes a colossal mistake or something nearly criminal comes to light regarding her campaign, this woman is without question the key favorite for the Democratic ticket. That means it will likely be Hillary vs. a field that is large of vying for a chance at the White home.

Though Democrats aren’t universally in favor of gambling expansion, and Clinton actually voted in benefit of this SAFE Port Act and Internet that is unlawful Gaming Act of 2006, bills that prohibited on the web betting, the GOP constituents seem more adamantly opposed.

That’s something many gamblers will need to simply take into account come primary period, along with, of course, other pressing issues that affect our daily lives.

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