Amaya announces filing of preliminary prospectus for initial public offering of Innova Gaming Group

/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES/

MONTREAL, March 26, 2015 /CNW/ - Amaya Inc. ("Amaya") (TSX: AYA) announced today that Innova Gaming Group Inc. ("Innova"), a wholly-owned subsidiary of Amaya, has filed and obtained a receipt for a preliminary prospectus in respect of Innova's proposed initial public offering of common shares with the securities regulatory authorities of all provinces and territories in Canada (the "Offering"). The Offering contemplates a treasury offering of common shares by Innova and a secondary offering of common shares by Amaya, which will receive the net proceeds for the common shares sold by it under the Offering.

Innova was formed in connection with the Offering and, upon completion of the Offering, it will hold all of the shares of Diamond Game Enterprises ("Diamond Game"). Diamond Game designs, develops, produces, markets and services games, systems and tickets for the North American gaming industry, predominantly for the business to government (B2G) lottery sector.

The decision to spin off its subsidiary Diamond Game is consistent with Amaya's previously announced intention to explore various strategic opportunities to divest its B2B assets, to maximize shareholder value by facilitating the repayment of indebtedness and/or the repurchase and cancellation of Amaya's common shares.

The Offering is being made through a syndicate of underwriters led by Canaccord Genuity and including Cantor Fitzgerald Canada Corporation, Cormark Securities Inc., Desjardins Securities Inc., Dundee Securities Ltd. and Clarus Securities Inc. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus are available on SEDAR at http://www.sedar.com or from the underwriters named in the preliminary prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities until a receipt for the final prospectus has been issued.

Completion of the Offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.

The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold, directly or indirectly, within the United States (as defined in Regulation S under the U.S. Securities Act) other than pursuant to an available exemption from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Innova within the United States.

About Amaya

Amaya owns gaming and related consumer businesses and brands including PokerStars, Full Tilt, the European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour and the Asia Pacific Poker Tour. These brands collectively form the largest poker business in the world, comprising online poker games and tournaments, live poker competitions, branded poker rooms in major global casinos, and poker programming created for television and online audiences. Amaya also provides B2B interactive and physical gaming solutions to the regulated gaming industry.

Forward-Looking Statements

Certain statements included herein, including those that express management's expectations or estimates of our future performance or future events, including regarding completion of the Offering and related transactions, 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, regulatory 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.

SOURCE Amaya Inc.

For further information: Tim Foran, +1.416.545.1325, ir@amaya.com

RELATED LINKS
http://www.amayagaming.com

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