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Marton Czuczor Leads EPT Prague Final Table, David Peters a Close Second

The final table has been determined for the final event in the history of the European Poker Tour. Six players will come back to the felt at the Hilton Prague Hotel on Monday at noon local time (6AM East Coast time) with Marton Czuczor holding a slim lead over David Peters. Peters, who ended Day 3 with the chip lead, didn’t hold that slot at the end of Day 4, but he was in second place at that time as well. With 18 players remaining, Jasper Meijer van Putten was at the helm of the ship with his 3.77 million in chips. Peters was lurking behind him with 2.985 million chips, while Czuczor was also in the debate in third place with 2.935 million chips. The day got off to a big bang as Czuczor and van Putten decided to clash. After Andrew Hulme opened the betting pre-flop and van

David Peters in The Lead at Final European Poker Tour Event in Prague

It is said that if you’re going to go out, go out with a bang. The European Poker Tour is doing just that as, in their final Main Event in the illustrious tour’s history in Prague, Czech Republic, David Peters is holding the lead after Day Three with only 65 players remaining. This will be the final EPT event ever because of changes instituted by the ownership of the circuit, Amaya Gaming. Instead of operating the EPT and various national sub-tours (the United Kingdom/Ireland Poker Tour and the Eureka Poker Tour, among others), Amaya Gaming has decided to close the doors on all of those and open “a new era” when the calendar turns to 2017 in a couple of weeks. Once the new year begins, there will be the “PokerStars Championships,” which will be huge tournament schedules located around the world, while the “PokerStars Festivals” will look to take

Ex-Amaya CEO David Baazov Makes $3.48 Billion Offer to Buy Company

Amaya Inc., parent company of PokerStars, announced on Monday that it has received an offer from former CEO David Baazov to purchase the entire company. The offer price is CAD $ 24 per share, making the total deal valued at approximately CAD $ 3.48 billion. Amaya’s stock price closed at CAD $ 18.34 on Friday, so Baazov’s offer represents a healthy 31 percent premium. Shares have leapt on the news, opening Monday morning at CAD $ 21. They are currently at CAD $ 21.50, a more than 17 percent increase from Friday’s close. Baazov owns 17.2 percent of Amaya; his offer is not technically directly from him, but rather from a company that has yet to be created of which he will be the head. He also, as one might expect, will not be fronting all of the capital required to make the purchase. Four funds are contributing to the

AMF Documents Evidence of Alleged Insider Trading Kickback Scheme Involving David Baazov and Friends

Hearings have begun in Quebec to discuss the insider trading case involving former Amaya CEO David Baazov and thirteen of his associates, which include family, friends, and business colleagues. According to CTV News Montreal, two days of hearings in front of a financial sector independent tribunal began on Monday. Baazov has been hit with a number of charges, including “influencing or attempting to influence the market price” of Amaya stock and “communicating privileged information.” Quebec’s financial regulatory body, the Autorité des marchés financiers (AMF), has documented an entire scheme in which it alleges that Baazov and others traded insider financial information in exchange for kickbacks. LaPresse made the AMF’s allegations public, which said that the scheme was of a “high level of organization and sophistication.” The scheme, according to the AMF documentation, dates back six years, before Amaya acquired PokerStars’ parent company for $ 4.9 billion in June 2014. LaPresse

What Does Poker Businessman David Einhorn See in Amaya Gaming?

The name David Einhorn is familiar to many in the poker community. The hedge fund manager who started one of the most watched companies in North America, Greenlight Capital, Einhorn has also shown a proclivity for poker over the past few years. He first struck poker gold at the 2006 World Series of Poker Championship Event, making it to 18th place before departing (then donating the entirety of his $ 659,730 in winnings to charity). At the inaugural Big One for One Drop in 2012, Einhorn worked his way to the show spot in earning a $ 4.352 million payday. Suffice it to say that Einhorn knows his way around the poker table. So why would he take a shot at being a stockholder with Amaya Gaming, the biggest online gaming and poker company in the industry? According to Gurufocus.com, Einhorn recently purchased more than 3.9 million shares in the