MONTREAL, Sept. 6, 2011 /CNW/ - Amaya Gaming Group Inc. (TSXV: AYA), an entertainment solutions provider for the regulated gaming industry,
today announced that it has been awarded an exclusive, 20-year contract
with the National Lottery of Moldova to provide a full range of gaming
solutions. Amaya will leverage its innovative technology platform to
implement and support national gaming programs including: lottery,
video lottery terminals, sports betting, and digital gaming.
The agreement represents a significant milestone as Amaya's first
comprehensive government mandate spanning the complete range of gaming
programs and activities. The contract has the potential to generate
recurring revenues in excess of $20 million annually. Implementation
is scheduled to begin in the fourth quarter of 2011.
"We are very pleased to begin a long-term relationship with the National
Lottery of Moldova that promises to be fruitful for both parties," said
David Baazov, President and Chief Executive Officer of Amaya Gaming
Group. "Our technology is designed to offer a full range of gaming
solutions from a single platform, and we believe our breadth of
capabilities was a key reason we were selected, along with our ability
to ensure the integrity of the system. While Moldova is the first
customer to formally select us for this wide range of gaming
activities, our strategy is to expand our relationships over time with
new and existing customers by offering more gaming technologies in
The partnership will provide the National Lottery of Moldova with new
sources of revenue, including funds that are currently leaving the
country for off-shore gaming activities. One of the features of Amaya's
technology is designed to ensure the authenticity and accuracy of data
collected from devices across the gaming network. The system will
enable government authorities to receive real-time, accurate accounting
reports that are free of human error, manipulation and/or fraud, while
providing the framework for implementing responsible gaming features,
including the strict prohibition of underage gaming.
About Amaya Gaming Group
Amaya is engaged in the design, development, manufacturing, distribution
and sale of technology based gaming solutions for the regulated gaming
industry worldwide. For more information please visit www.amayagaming.com.
Disclaimer in regards to Forward-looking Statements
Certain statements included herein, including those that express
management's expectations or estimates of our future performance
constitute "forward-looking statements" within the meaning of
applicable securities laws. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered
reasonable by management at this time, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Investors are cautioned not to put undue reliance on
forward looking statements. Except as required by law, Amaya does not
intend, and undertakes no obligation, to update any forward-looking
statements to reflect, in particular, new information or future events.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
SOURCE AMAYA GAMING GROUP INC.
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