Any good poker player knows exactly how many cards, or outs, are available to win the hand. The boss of Amaya, owner of PokerStars and other gambling websites, just dealt one to shareholders. Chief Executive David Baazov on Monday offered to take Amaya private. At C$21 a share, it could value the Quebec-based company at…
Written on the 1 February 2016 GLOBAL law firm Jones Day today opened an office in Brisbane, with legal eagle Brett Heading joining as partner. Heading previously served as chairman and partner of McCullough Robertson for more than 30 years, where he oversaw some big IPOs in that time, including the floats…
Godfrey Phillips India Ltd has announced that the Board of Directors of the Company at its meeting held on January 31, 2016, authorized the Company to engage the services of a merchant banker and/or other advisors in order to undertake such analysis and study as may be appropriate and advise the Company in respect of…
NATIONAL Australia Bank has refused to address key questions about testimony given by one of its senior executives to a Federal Court public examination of the collapse of builder Walton Construction. The bank has previously acknowledged that 10 months out from the Walton collapse it had $20 million exposure to the builder, the last amounts…
Back February 1, 2016 by norman lebrecht The Commons Public Administration and Constitutional Affairs Committee spares no one in its report on the collapse of Kids Company: Camila Batmanghelidjh, the trustees, government ministers, the auditors and regulators. However, the heaviest criticism is for the charity trustees led by the BBCs Alan Yentob. Yentob is described…
If you’ve ever had a student loan, you know the feeling of dread that comes with it. While it was easy to sign up for a student loan, or to walk into a bank and get one, it’s a lot less easy to pay them off. By some estimates, 40 million Americans have some student…
A consortium of lenders led by Bank of India and State Bank of India (SBI) is considering strategic debt restructuring (SDR) of liquor major Tilaknagar Industries. According to sources, the decision was taken at a high-level meeting of lenders in the city last week. Besides Bank of India and SBI, Punjab National…
Steven Stradbrooke February 1, 2016 Shares in Canadas Amaya Gaming are up one-quarter on Monday after CEO David Baazov tabled a C$2.8b offer to take the company private. On Monday, PokerStars parent company Amaya issued a statement saying Baazov (pictured) and undisclosed partner investors were planning an all-cash $C21 per share offer to acquire the…
More How a Little Bribery Could Be a Good ThingHow Google Perfected the Silicon Valley Acquisition3 Books Every Leader Should Read to Be Successful George Washington was among the most successful businessmen of his day. Raised in a single-parent home and bereft of formal education, he nevertheless parleyed a modest inheritance into what was by…
Republican presidential candidate Marco Rubio casts himself as a champion of limited government and in a new campaign ad even depicts himself as a warrior against special interests. But on issues including sugar subsidies, online gambling, spending on military contractors, telecom regulations, and taxpayer support to scandal-plagued for-profit colleges, Rubio has backed a sweeping and…