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Posts Tagged ‘Trial’

Shot Clock, Big Blind Ante Coming to 2018 WSOP in Limited Trial

The World Series of Poker announced a couple of procedural additions to the 2018 WSOP: a shot clock and a big blind ante. WSOP social media manager Kevin Mathers originally tweeted that the shot clock would be for the $ 1 million Big One for One Drop event, though a few minutes later, the official WSOP Twitter account clarified that the shot clock will be implemented in $ 50,000 and $ 100,000 buy-in events, as well. A poker shot clock has become more popular in recent years as players have pushed for faster pace of play in tournaments. Nobody begrudges another player for taking time to consider a tough or important decision, but what people don’t like is multi-minute tanking or unnecessarily long thought processes for actions that should be relatively straight forward. As such, like we see in online poker, the WSOP will put a timer on players, limiting

Former Amaya Gaming CEO David Baazov Trial Date Set

In a case that is now dragging on into its second year regarding a transaction from 2014, former Amaya Gaming Chief Executive Officer David Baazov now has a date set for his trial on insider trading charges. In proceedings held last week in the Quebec Court, Judge Claude Leblond scheduled the start of Baazov’s trial for a November 20 start date. Counting in holidays, the lawyers concluded that the trial will take about 13 weeks as the prosecution plans an extensive case. The attorneys for the Autorité des marchés financiers (AMF), the province of Quebec’s equivalent of the U. S. Securities and Exchange Commission, have called the case against Baazov and two defendants the “largest insider trading investigation in Canadian history” and plan to call around 50 witnesses. Other than the sheer number of witnesses (including some that potentially could testify via videoconference), there are other problems that are lengthening

Information Regarding Baazov Insider Trading Trial Comes to Light

Former Amaya Gaming Chief Executive Officer David Baazov has been aggressively fighting the charges of insider trading brought against him by the Canadian government earlier this year. In details released by the Toronto Globe and Mail earlier this month, further information regarding that case is coming to light. Per Globe and Mail reporter Nicolas Van Praet, the attorneys for Baazov are accusing Canadian prosecutors of several missteps. First, Baazov attorney Sophie Melchers has stated that there have been massive dumps of information which are requiring extensive research by her staff. In addition to this, Melchers says the information being provided is insufficient to provide an adequate defense. Melchers points out an accusation from the prosecution that she is looking to have adjudicated for further clarity. In their briefs, the Autorite des Marches Financiers (AMF), the government oversight agency from the Canadian government, alleges that Baazov used “fronts” to disguise trades