Amaya Gaming Group Inc. completes its initial public offering for gross
proceeds of $5,000,000

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

MONTREAL, July 21 /CNW Telbec/ - Amaya Gaming Group Inc. ("Amaya" or the "Corporation") is pleased to announce that it has successfully completed its initial public offering (the "Offering") of 5,000,000 units (the "Units") at a price of $1.00 per Unit for gross proceeds of $5,000,000, each Unit consists of one common share of Amaya ("Common Share") and one half common share purchase warrant (the "Share Purchase Warrant"). Each Share Purchase Warrant entitles the holder thereof to purchase one Common Share at a price of $1.50 at any time prior to 5:00 p.m. (Montreal time) on the date that is 12 months following the closing of the Offering. The Common Shares of Amaya will commence trading today on the TSX Venture Exchange under the symbol "AYA".

The Offering was completed through a syndicate of agents led by Canaccord Genuity Corp. and including Desjardins Securities Inc. (the "Agents"). Amaya granted to the Agents compensation options (the "Compensation Options") entitling the Agents to subscribe for that number of Common Shares equal to 8% of the aggregate number of Units sold pursuant to the Offering. Each Compensation Option is exercisable to purchase one Common Share at the Offering Price for a period of 24 months following the Closing.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Corporation in any jurisdiction in which such offer, solicitation of sale would be unlawful. These securities have not been 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 in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom. Any public offering of the securities in the United States may only be made by means of a prospectus containing detailed information about the Corporation and its management as well as financial statements.

ABOUT AMAYA

Amaya is engaged in the design, development, manufacturing, distribution and sale of technology based gaming solutions for the regulated gaming industry worldwide. Amaya's solutions are server-based and include a multi-gaming platform, hardware devices, a proprietary gaming library, and a central reporting module that protects the integrity of an entire jurisdiction's gaming operations by tracking gaming revenue for auditing and tax purposes. Amaya's solutions are designed to improve gaming operator profitability, productivity and security while providing players with popular and cutting-edge gaming entertainment content and maximizing their playing experience. Amaya continues to develop gaming solutions and services for the markets it currently serves as well as to address new domestic and international opportunities.

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.

You are also invited to consult the final prospectus which will be available on the SEDAR Website at www.sedar.com.

%SEDAR: 00029939EF

SOURCE Amaya Inc.

For further information: For further information: David Baazov, President and Chief Executive Officer, 514-744-3122


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890