David Baazov, chairman and chief executive of Amaya, has acquired an additional 110,000 common shares in the gaming company for an aggregate purchase price of approximately CAN$2.3 million (US$1.7 million/€1.6 million).
The purchase, made on the open market, comes as two other executives at the firm also opted to increase their shareholding.
Marlon Goldstein, executive vice-president, corporate development and general counsel, as well as Rafi Ashkenazi, chief executive officer of the PokerStars and Full Tilt businesses, also notified Amaya of their purchase of an aggregate 47,460 common shares on the open market.
Goldstein and Ashkenazi’s purchase was made at an aggregate purchase price of approximately CAN$1 million.
In a statement confirming both purchases, Amaya said the acquisition deals had been struck between November 12 and 18.
The purchases come after the gaming operator this month revealed year-on-year financial growth during the three months through to September 30.
Revenue was up 8% to CAN$324.7 million, adjusted earnings before interest, tax, depreciation and amortisation increased 8% to CAN$141.7 million, while net earnings also grew 13% year-on-year to CAN$90.5 million.
At the time of the announcement, Baazov said that the results represent further delivered value for shareholders in the company.
source : www.igamingbusiness.com
