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Canada online gambling firm Amaya says board nominee withdraws candidacy

Published 2016-06-14, 06:30 p/m
© Reuters.  Canada online gambling firm Amaya says board nominee withdraws candidacy
TSGI
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TORONTO, June 14 (Reuters) - Canadian online gambling
company Amaya Inc AYA.TO said on Tuesday that proposed board
nominee Paul McFeeters was unable to serve due to personal
reasons.
McFeeters cited reasons unrelated to the company, Amaya said
in a press release. The company's plan is for media and
broadcast industry consultant David Lazzarato to fill the role.
Amaya, which owns the gambling website PokerStars, is
weighing its future after its former chief executive offered to
take the company private.
McFeeters' name will remain on the ballot because Amaya
already sent the management circular detailing the board
election process to shareholders.
The meeting is scheduled for June 28.
Investors will be expecting an update from Amaya on the
proposal from former Chief Executive Officer David Baazov, who
took an indefinite leave of absence in March to defend himself
against insider trading charges filed in Quebec.

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