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2 Hong Kong based funds ready to support Baazov to take over PokerStars

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Garfed   Malta. Dec 04 2016 01:36. Posts 4818

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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JonnyCosMo   United States. Dec 04 2016 02:49. Posts 7292

I'm confused if this is good or bad news...

Everyone needs to see that you are king of the castle - PoorUser 

traxamillion   United States. Dec 04 2016 03:01. Posts 10468

probably terrible


traxamillion   United States. Dec 04 2016 03:01. Posts 10468

don't think baazov being anywhere near stars is good for the players


Spitfiree   Bulgaria. Dec 04 2016 09:29. Posts 9634

Dont think players being anywhere near stars is good for the players


DooMeR   United States. Dec 04 2016 13:24. Posts 8544


  On December 04 2016 08:29 Spitfiree wrote:
Dont think players being anywhere near stars is good for the players



this.

i dont know who this guy is but is it possible this is kind of a push as to being bad or good?

I just saved a bunch of money on my car insurance, by running away from the scene of an accident. 

Highcard   Canada. Dec 04 2016 20:37. Posts 5428

There was a really long and detailed article about Baazov in bloomberg talking about his rise from nothing to raising capital for buying PS.

Basically he has run like god mode in everything he has done and is very good at convincing people to give him money. From the article he clearly lies at times and gets lucky everything comes together. 1 example his is ability to talk to investors and pokerstars at the same time convincing the investors he can get exclusive bidding and pokerstars requiring proof of money. somehow he was able to get all together and show PS like $3billion or something absurd.

Overall, a while ago he said that it is the requirment of "stock holders" for amaya that are fucking over the company and he can't actually run the Pokerstars how he wants. He has to squeeze all the money out for the investors. He also says if he can get private again pokerstars will be better off.

Do I believe him? it doesn't matter Pokerstars is fucked right now so private cannot be worse. We all know how a stock company has to satisfy it's investors needs 1st with max profits. It takes very special circumstance for a CEO to avoid the cycle. Amazon and Tesla are extreme examples of that.

Anyways, I didn't have many problems with him even with the fraud since there are always gray areas so I can't judge him

What I can judge him is this absurd thing regarding a company NEVER hearing about him and he is using them on a bid.... that is INSANE.

I have learned from poker that being at the table is not a grind, the grind is living and poker is how I pass the timeLast edit: 04/12/2016 20:37

whamm!   Albania. Dec 05 2016 05:48. Posts 11625

most probably a dummy for the previous, original owners. they just cut costs by a ton without lookign like cunts so them re-buying the company now even makes them look like a bunch of saviors. watch this thing go back to the original owners within 3 years lol


 



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