Amaya CEO David Baazov is hoping to laugh their solution to the bank after acquiring 60,000 stocks of his or her own company’s stock at what a bargain is considered by him price after a stock drop.
David Baazov happens to be called the ‘King of Online Gambling’ by Forbes, and now the 35-year-old Amaya CEO is hoping to show his business savvy and managing for 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 US currency ended up beingn’t the only culprit responsible for a 13 percent revenues cutback projection.
Baazov isn’t fazed, and it is out to prove investors wrong. Simply two days after Amaya stock fell 30 percent, the Canadian CEO bought 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.
Several market analysts agree with Baazov that Amaya is ripe for picking by capitalists searching for a growth stock with considerable potential. Those types of experts is Nelson Smith, a writer for The Motley Fool in Canada.
‘Between its PokerStars and Full Tilt Poker platforms, it commands about 70 per cent of the market,’ S Leer más