After the roller-coaster it looks like the David Baazov’s Amaya takeover is still possible, after it took another twist yesterday. It was revealed that two Hong Kong funds agreed to boost their support for Baazov’s bid to take the Amaya Gaming company private.
David Baazov needed to refinance the deal after one of his previously announced Dubai-based investor informed, that there had been no negotiations with Baazov and that he had never “even heard of the company called Amaya”.
That didn’t slow Baazov down one bit, however, as he has now confirmed that Hong Kong-based investors Head and Shoulders Global Investment Fund and Goldenway Capital, who were last week named as two of four backers for the whole deal, would provide the needed funding.
Head and Shoulders is run by Stanley Choi, who earned one of the biggest poker tournament payouts of all time, US$6,4 million, in a poker tournament in Macau in 2012.
“We continue to support David Baazov,” Choi said in a phone interview with Bloomberg from Hong Kong, adding that he’s “not at all” concerned about what happened in the past week with KBC. He declined to comment further on his firm’s increased commitment or the structure of the transaction.
Amaya has yet to comment the latest offer made by Baazov.
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