Former Amaya Gaming CEO David Baazov’s date with judicial destiny on insider trading charges will have to wait a while longer.
On Wednesday, La Presse reported that the Court of Quebec had postponed the start of Baazov’s insider trading trial until April 16. The trial was supposed to have got underway next Monday (26) but Baazov’s legal team requested more time to consider the Crown’s evidence against their client.
Baazov and two other individuals – fellow Amaya exec Benjamin Ahdoot and longtime Baazov adviser Yoel Altman – were hit with 23 criminal charges of insider trading in March 2016. The trio stand accused of illegally enriching themselves and others via engaging in stock transactions related to unannounced Amaya transactions, including the company’s 2014 acquisition of the parent company of online poker giant PokerStars.
The trial was originally scheduled to start last December, but was postponed so Judge Salvatore Mascia could consider Baazov’s attorneys motion that the charges be stayed due to the length of time it took for Baazov’s case to come to trial.