Amaya Gaming says it won’t offer any guidance for its 2016 earnings in light of CEO David Baazov’s bid to take the company private.
On Wednesday, the committee of independent directors appointed by the Montreal-based Amaya to consider Baazov’s $21-per-share offer released some updates on the process, including the fact that it had yet to receive a formal offer, despite Amaya’s previous claim that such an offer was expected “on or about the end of February.”
While it awaits the offer, the parent company of online gambling brands PokerStars and Full Tilt also said it had implemented some restrictions on Baazov’s management of Amaya, including how much confidential company info can be shared with the members of Baazov’s investment group.
There’s still no word on who or what comprises the group Baazov has allegedly assembled to make his alleged privatization bid. UK-listed gambling technology providers Playtech have been rumored to be sniffing around Amaya, although whether they’re aligned with Baazov or pursuing a solo bid is anyone’s guess.