Amaya CEO Baazov goes on indefinite leave

Tue Mar 29, 2016 7:37am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

March 29 (Reuters) - Amaya Inc Chief Executive David Baazov was taking an indefinite paid leave of absence, the Canadian gambling website operator said, a week after Baazov was charged with insider trading by Quebec's securities regulator.

Charges against Baazov come about two months after Amaya said it had received a non-binding proposal from the chief executive to take the company private.

Baazov is taking this leave voluntarily to focus on an offer to buy Amaya and to avoid a distraction for the company while he responds to the allegations against him by the securities regulator, Amaya said on Tuesday. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Don Sebastian)