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Amaya Announces Management Changes, Requests Share Delisting Of CryptoLogic

Amaya Gaming Group (AYA.V: Quote) announced Tuesday changes to the management and board of directors of CryptoLogic and CryptoLogic Exchange Corporation following its acquisition of 81 percent of the issued share capital of CryptoLogic Limited (CRY.TO: Quote).

Amaya has also requested CryptoLogic to submit applications to the authorities for delisting its shares on the London Stock Exchange, Nasdaq and the Toronto Stock Exchange.

David Baazov, the president and chief executive officer of Amaya, will assume the role of CEO of CryptoLogic replacing interim CEO, David Gavagan, who stepped down.

Huw Spiers, the chief financial officer of CryptoLogic, has also stepped down. He will be replaced by Amaya's CFO and Director, Daniel Sebag.

The company also noted other changes to non-executive directors and directors of CryptoLogic and CryptoLogic Exchange Corporation.

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by RTT Staff Writer

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