Amaya Appoints New Chief Financial Officer
Amaya Inc., the Canadian gambling giant has appointed a new Chief Financial Officer (CFO) following the retirement of the former member of the executive team who used to hold the title.
Amaya Inc. is one of the leading providers of technology- based products and services in the global gaming market. They own gaming and related consumer businesses and brands including the likes of PokerStars and PokerStars Casino. These brands have more than 111 million cumulative registered customers globally. It forms the largest poker business in the world.
PokerStars operator Amaya has appointed Brian Kyle as their new Chief Financial Officer. He will assume the full post starting the 19th of June 2017. Kyle will join the company from Toronto- listed IT service provider, Pivot Technology Solutions. He will be replacing the current CFO Daniel Sebag, who announced his retirement earlier this year in January.
Kyle has worked as the CFO of Pivot Technology Solutions since August of 2016. Taking his past experiences into account, Kyle brings more than 25 years of senior executive experience and strategic planning experience to the table. He has an extensive background in capital markets, finances, strategic planning, taxes, investor relations and risk management.
Before joining Pivot Technology Solutions, he had served as a partner and a co- founder of the asset management business, ALSA Capital Plc.
On top of that, Kyle held the position of CFO at a financial technology provider, DH Corporation, for five years before ALSA. There he was responsible for overseeing many of their acquisitions. He was in charge of a CAD $1 billion initial public offering and its CAD $1.6 billion acquisition by the investment firm – Vista Equity Partners.
The announcement of his appointment came recently. It was made shortly after Amaya Inc. revealed their year- over- year fiscal figures. They announced growth across key financial metrics for the opening quarter of the year 2017. In other news, their latest corporate update informed that the Amaya Governance has proposed a corporate name change from Amaya Inc. to The Stars Group Inc. A vote is to be taken on the issue at the firm’s upcoming Investors Annual General Meeting.
Rafi Ashkenazi, the Chief Executive Officer at Amaya Inc. commented on the appointment of the new CFO and said that Kyle would make the perfect addition to the Amaya team.
Ashkenazi said, “Brian will be a great addition to Amaya’s executive team.”
He also added that the choice of Kyle is particularly apt as he brings a lot of experience to the mix.
He said, “He brings a wealth of experience in the capital markets working with technology companies.”
Ashkenazi concluded by saying that he has high expectations from Kyle and hopes he will take the company to new heights in the future.
He said, “We expect Brian to take our finance and investor relations functions to the next level and deliver great value to our people, customers and shareholders.”
The new CFO also made a comment on this occasion. He mentioned that it is a rather exciting time for him to join the company and he hopes to do great things for them in the future.
Kyle said, “It is a tremendous opportunity to join Amaya at such an exciting time in its evolution.”
He added. “I’m looking forward to getting to work and helping the Amaya team navigate the future.”
Amaya Inc., the Canadian gaming and online gambling corporation, was founded in 2004. Headquartered in Montreal, Quebec, the company trades on the Toronto Stock Exchange (TSX: AYA). In June 2014, they acquired the parent company for PokerStars and Full Tilt – Rational Group, from Isai and Mark Scheinberg for USD $4.9 billion. With this, Amaya became the largest publicly listed online gambling company in the world.
Before that, Amaya primarily provided business to business (B2B) gaming solutions, products and services to their operators. This included the design, development, manufacturing, distribution, sale and service of technology based gaming solutions. They distributed their products to the regulated gaming and interactive entertainment industries worldwide. While they mainly supplied to land- based and online gaming operators, they also provided their products to governmental agencies and ultimately indirectly to end- users and consumers.
Amaya also offers gaming products and services that include online casino, poker, sportsbook, platform, lotteries and slot machines software. The company has offices in North America, Latin America, Europe and Asia. They are continuously developing their proprietary platforms and have invested significantly in their technological infrastructure. All their efforts are directed towards ensuring a positive experience for their customers.