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Insider trading charges over PokerStars deal

Amaya boss faces five charges in Canada

The head of the world’s largest egaming company is facing insider trading charges over the buyout of Manx-based PokerStars.

David Baazov, chief executive of Montreal's Amaya Gaming, faces five charges from Quebec's securities regulator.

Amaya bought the Rational Group, which owns Onchan-based PokerStars, in a deal worth $5 billion in 2014.

If convicted, Mr Baazov could face up to five years in jail, and a fine of up to £2.7 million.

In a statement, he said all the charges are false and he will vigorously contest them.

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