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.