Nathan Vardi of forbes.com reported on Thursday, December 11th, 2014, that Amaya headquarters, owner of PokerStars and Full Tilt, was raided by federal Canadian police officers in Montreal on Wednesday. Two financial firms were also raided as part of the same investigation that appears to be scrutinizing Amaya. EDIT: There is no evidence at this time that links the two firms with Amaya in an investigation. More news as it arrives.
Royal Canadian Mounted Police and Autorité des Marchés Financiers, (regulator of Quebec’s financial markets) arrived at Canadian investment bank Ganaccord Cenuity, Amaya, and Manulife Financial which is an insurance company. Sylvain Théberge, a spokeman for Autorité des Marchés Financiers, said, “Yesterday’s operation is part of a AMF investigation on that company. I can’t go further for the moment.”
Statements were made by each organization's spokesperson:
- “Amaya is cooperating in an investigation by the Autorité des Marchés financiers (AMF), the securities regulatory authority in the Province of Quebec,” said Amaya's spokesman Eric Hollreiser.
- “It is not appropriate for us to provide any further details at this time.” Cannaccord Genuity said through their spokesperson, “we are cooperating with a routine request for information.”
- Manulife Financial spokeswoman's statement said: “We are aware of the actions taken yesterday by the AMF and RCMP and are fully cooperating with this investigation.”
A report released a few hours ago on finance.yahoo.com states that Amaya clarifies a media report and includes the following: "To the Corporation's knowledge, this does not involve any allegations of wrongdoing by the Corporation. Amaya will continue to cooperate, if and as requested, consistent with our practice to always cooperate with regulatory authorities."
For an interesting look at Amaya and its CEO, David Baazov, read The King of Online Gambling (Is 34).