Video Gaming Scandals and Bankruptcies in 2015: Sports and Gambling’s Megastories for the Year

 Video Gaming Scandals and Bankruptcies in 2015: Sports and Gambling’s Megastories for the Year

Ah yes, gaming scandals and bankruptcies. Why must this be a category in gambling news by the end of each year?

Of all the video gaming scandals and bankruptcy news in 2015, arguably the story that is biggest of all of the ended up being the arrest and indictment of 14 FIFA executives, but not President Sepp Blatter.

Because, unfortunately, bankruptcies and scandals are apparently inevitable in a high-stakes globe where fortunes are won and lost in a matter of seconds.

2015 had not been resistant to news that is scandalous including a whopper involving widespread corruption at FIFA; a multi-million buck lawsuit against a star poker player who was accused of cheating; a longtime poker magazine closing up shop; one of golf’s most useful players accused of involvement in an illegal gambling ring; and an alleged insider trading situation that could alter the landscape of daily dream activities forever.

But allow’s start at the top.

FIFA Gets Kicked

Match-fixing in soccer at the ground level takes place all the time. But alleged fixing of World Cups is an ball game that is entirely different.

Come july 1st, key officials within FIFA, professional soccer’s governing body, were rounded up by the Department of Justice (DoJ) and charged with widespread, systemic corruption. The charges included fraud, cash laundering, and bribery. All while FIFA’s President Sepp Blatter somehow avoided pro Weiterlesen

Amaya CEO David Baazov is Bullish on Company’s Shares, Snaps Up Paper Price that is following Drop

Amaya CEO David Baazov is Bullish on Company’s Shares, Snaps Up Paper Price that is following Drop

Amaya CEO David Baazov is hoping to laugh his option to the bank after acquiring 60,000 shares of his or her own company’s stock at what a bargain is considered by him price after a stock drop.

David Baazov happens to be called the ‚King of on the web Gambling‘ by Forbes, and now the 35-year-old Amaya CEO is hoping to show his business savvy and managing of the largest poker system within the globe will translate to big gains on Wall Street.

After Amaya slashed its 2015 earnings that are economic 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 accountable for a 13 percent revenues cutback projection.

Baazov is not fazed, and is out to prove investors incorrect. Just two days after Amaya stock fell 30 percent, the Canadian CEO bought 60,000 common shares on 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 selecting by capitalists searching for a growth stock with considerable potential. Among those experts is Nelson Smith, a writer for The Motley Fool in Canada.

‚Between its PokerStars and Comprehensive Tilt Poker platforms, it commands about 70 per cent of the market,‘ Smith writes on Weiterlesen