Amaya CEO David Baazov is Bullish on Company’s Stocks, Snaps Up Paper Following Price Drop

Amaya CEO David Baazov is hoping to laugh their option to the bank after acquiring 60,000 stocks of his or her own company’s stock at what he considers a bargain cost after a stock drop.
David Baazov is called the ’King of Online Gambling’ by Forbes, and now the 35-year-old Amaya CEO is hoping to show his business savvy and managing of this poker network that is largest into the world will translate to big gains on Wall Street.
After Amaya slashed its 2015 economic earnings forecast on the heels of a stronger US dollar, shares of the company plummeted on both the Toronto and NASDAQ stock exchanges.
Investors fled the gaming conglomerate, fearing the strengthening currency that is americann’t the only culprit responsible for a 13 percent revenues cutback projection.
Baazov isn’t fazed, and is out to prove investors wrong. Simply two days after Amaya stock fell 30 percent, the Canadian CEO purchased 60,000 shares that are common the Toronto Stock Exchange at CA$20.30 ($15.22) per share for a deal total of $912,798.
Fools Rush In
Several market analysts agree with Baazov that Amaya is ripe for choosing by capitalists looking for a rise stock with considerable potential. Some of those experts is Nelson Smith, a writer for The Motley Fool in Canada.
’Between its PokerStars and Full Tilt Poker platforms, it commands about 70 percent of the market,’ Smith writes on the investing website. ’ Tha