Former Amaya CEO Liquidates Company Shares

Amaya Gaming’s former CEO David Baazov has some new walking around money after selling nearly one-third of his stake in the online gambling company. On Tuesday, Baazov (pictured) announced that he’d sold 7m Amaya common shares at C$19 apiece for a total consideration of C$133m (US $99m). The sale represents about 4.8% of the company’s outstanding common shares and about 30% of Baazov’s holdings in Amaya, the parent company of online poker giant PokerStars. Baazov still controls roughly 17.6m Amaya shares, equal to 12.1% of the company. The market applauded the move, pushing Amaya’s stock price up 5.8% to C$20.06,…