The former CEO and majority shareholder of Amaya Gaming has sold off 12 million shares in the company, coming a month after he had sold 7 million shares.
The sale was worth $200.9 million and came at a price of CDN $22.31 per share. Now the former executive holds about 3.8% equity in the company, which will ensure that he will not negotiate a takeover attempt of the Canadian betting giant.
Baazov was instrumental in Amaya purchasing The Rational Group, which is the parent company of PokerStars and Full Tilt Poker. He was pushed out of the company last year after it was revealed that he was being investigated for insider trading by Canadian regulators.
Amaya recently posted their full year 2016 financial results, noting that the group brought in more than $1.15 billion in revenue.