{"id":7515,"date":"2012-04-03T18:00:26","date_gmt":"2012-04-03T18:00:26","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=7515"},"modified":"2012-04-03T18:00:26","modified_gmt":"2012-04-03T18:00:26","slug":"ceo-and-cfo-pushed-out","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/ceo-and-cfo-pushed-out\/","title":{"rendered":"CEO and CFO pushed out"},"content":{"rendered":"

\"\"<\/a>MANAGEMENT has been swapping and changing with Canada\u2019s Amaya Gaming Group recently. Following the recent acquisition of 80.79% of Amaya\u2019s Gaming Group, David Baazov has stepped into the role CryptoLogic CEO in place of David Gavaga.<\/p>\n

Gavaga has been involved with Cryptologic since 2009. Other changes include the departure of CFO & COO, Huw Spiers, who is replaced by Amaya CFO Daniel Sebag. On the board of directors, Simon Creedy Smith & James Wallace are also on the way out with immediate effect, whilst Thomas Byrne & Gavagan will stay on as non-executive directors.<\/p>\n

Baazov has been appointed an executive director, along with a new name – Divyesh Gadhia – who joins as a non-executive director.<\/p>\n

Spiers, Nick Catros & Gavagan’s resignations from the board of subsidiary CryptoLogic Exchange Corporation (CEC) have been accepted, & they have been replaced by Baazon, Sebag & Gadhia.<\/p>\n

The new management has advised that it intends to apply for the delisting of CryptoLogic shares on the London Stock Exchange, the Toronto Stock Exchange & the Nasdaq.<\/p>\n

\u201cCryptoLogic shareholders should note that such cancellations will reduce significantly the liquidity and marketability of CryptoLogic shares which have not been acquired by Amaya under the offer,\u201d said CryptoLogic in a statement to the London Stock Exchange this morning.<\/p>\n

\u201cOnce cancellation has taken effect, CryptoLogic shareholders will no longer be able to effect transactions in CryptoLogic shares on market at the market price.\u201d<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANAGEMENT has been swapping and changing with Canada\u2019s Amaya Gaming Group recently. Following the recent acquisition of 80.79% of Amaya\u2019s Gaming Group, David Baazov has stepped into the role CryptoLogic CEO in place of David Gavaga.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[9,23,19],"class_list":["post-7515","post","type-post","status-publish","format-standard","hentry","category-igaming","tag-featured","tag-gaming-2","tag-online"],"yoast_head":"\nCEO and CFO pushed out - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/ceo-and-cfo-pushed-out\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEO and CFO pushed out - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"MANAGEMENT has been swapping and changing with Canada\u2019s Amaya Gaming Group recently. 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