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Amaya CEO David Baazov is Bullish on Business’s Shares, Snaps Up Paper Following Price Drop

Amaya CEO David Baazov is Bullish on Business’s Shares, Snaps Up Paper Following Price Drop

Amaya CEO David Baazov is hoping to laugh their option to the bank after acquiring 60,000 shares of his or her own company’s stock at what a bargain is considered by him price after a stock drop.

David Baazov is called the ‘King of on the web Gambling’ by Forbes, and now the 35-year-old Amaya CEO is hoping to show his business savvy and managing regarding the poker network that is largest within 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 responsible for a 13 percent revenues cutback projection.

Baazov isn’t fazed, and it is out to prove investors incorrect. Just two days after Amaya stock fell 30 percent, the Canadian CEO purchased 60,000 shares that are common the Toronto Stock Exchange at CA$20.30 ($15.22) per share for a transaction total of $912,798.

Fools Rush In

Several market analysts agree with Baazov that Amaya is ripe for selecting by capitalists looking for an improvement stock with considerable potential. Some of those experts is Nelson Smith, a writer for The Motley Fool in Canada.

‘Between its PokerStars and Comprehensive Tilt Poker platforms, it commands about 70 per cent of the mar Continue reading Amaya CEO David Baazov is Bullish on Business’s Shares, Snaps Up Paper Following Price Drop

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction

One of the ‘Big Four’ audit firms, 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 to the present, hit the nail on the head regarding much of the gambling industry’s economics, but the company missed the mark on two issues that are key.

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

To its credit, PwC rightly foresaw on the web gambling in the usa, saying states would legalize Internet gambling enterprises individually before Congress would intervene.

That was a bold projection in 2011, thinking about the Department of Justice and FBI had just recently seized the assets of PokerStars and Full Tilt Poker, but nonetheless a forecast that arrived true.

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

The audit and assurance, tax advisory, consulting, legal, and actuarial company disclosed that the Global Gaming report had not been intended to provide lega Continue reading PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction