UPDATE: Amaya Founder, CEO Baazov Offers Statement Realted to AMF Allegations

On March 23, David Baazov, Founder, President and CEO of Amaya Inc

, issued the following statement: Yesterday I was served notice that I would be charged by the Autorité des marchés financiers (AMF) alleging that I engaged in market manipulation of Amaya Inc. ("Amaya") shares and that I unlawfully provided non-public information to third parties prior to Amaya's acquisition of the Rational Group Ltd. in 2014. These allegations are false and I intend to vigorously contest these accusations. While I am deeply disappointed with the AMF's decision, I am highly confident I will be found innocent of all charges. I have always been proud of my reputation for personal integrity and ethical business conduct. As the founder, President and CEO of Amaya, I want to provide my personal assurance to all our of stakeholders, including our employees in Canada, the US, and Europe, our more than 100 million playing members, vendors, and our public security holders that I am as confident as ever in Amaya's business operations and future prospects. Finally, on February 1, 2016, I announced my intention to make an all-cash proposal to acquire Amaya at a purchase price presently estimated at CDN$21.00 per common share. I made this approach to the board of directors ("the Board") of Amaya prior to any knowledge that the AMF would be bringing any allegations against me. While I have no further comment on the bid process at this time, I am still committed to working with my investor group and the Board to consummate a successful transaction, which I believe is in the best interests of shareholders. David Baazov