Key Takeaways
- Amaya’s Board of Directors has appointed a financial advisor and retained the legal services of Blake, Cassels & Graydon LLP.
- In an effort to reach a compromise with its unhappy creditors, Caesars Entertainment Operating Co requested negotiations be turned over to a mediator.
- Poker Central, the 24/7 poker network, has reached its first deal to have its programming distributed over a cable network.
Amaya
In response to Amaya CEO David Baazov’s notice that he intends to put together a cash offer to buy the company, the Board of Directors has appointed Barclays Capital Canada Inc as its exclusive financial advisor and retained the legal services of Blake, Cassels & Graydon LLP.
Baazov has notified the company that four employees may be included in his proposal that is expected by the end of the month.
