Baazov Bid For Amaya Won't Include Scheinbergs

Baazov Bid For PokerStars Won’t Include Scheinbergs, Says Spokesperson For Amaya CEO

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If Amaya does end up back in private hands, former PokerStars owners Mark and Isai Scheinberg won’t be part of the deal that takes it there.

That’s per comments from a spokesperson for Amaya CEO David Baazov to Eilers & Krejcik Gaming.

Baazov is reportedly considering a bid for Amaya, parent company of PokerStars and Full Tilt.

Eilers & Krejcik relayed the comment in a note to clients Wednesday:

UPDATE: Amaya spokesperson has confirmed to us on record that Scheinbergs will NOT be involved in David Baazov’s going private offer. In an earlier report we speculated that this was a “very remote possibility” and the “rumor du jour” going around the industry. We have consequently removed this section from our report.

Isai Scheinberg founded PokerStars in September 2001 and is widely credited with creating the internal and external cultures around the company that helped drive PokerStars to dominance of the global online poker market.

Amaya purchased PokerStars in August of 2014. That purchase set off a massive upswing in Amaya’s share price, an upswing that has all but reversed in recent months:

AYA Chart

Following news on February 1 of Baazov’s non-binding intent to tender an offer for Amaya, speculation arose from several industry corners that the offer – which would require some $1.5bn in cash to execute – could be a path for Isai Scheinberg to return to the company he founded.

It appears now that said speculation was just that.

- Chris is the publisher of Grove also serves as a consultant to various stakeholders in the regulated market for online gambling in the United States.
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