MONTREAL, Jan. 24 /CNW Telbec/ - Amaya Gaming Group Inc. (TSX-V: AYA), an entertainment solutions provider for the gaming
industry announced today that it has obtained a second public lottery
permit from the Government of Kenya to operate and promote a public
lottery in the Republic of Kenya.
Under the terms of this second permit granted by the Government of
Kenya, Amaya shall operate a 6/48 lotto game and instant scratch card
lotteries. Amaya anticipates that the nation-wide lottery will be
operational by the second quarter of 2011.
"We are very pleased to have secured this second permit from the
Government of Kenya following our recent announcement of a permit for
an SMS lotto program. The securing of both of these permits clearly
demonstrates the rapidly growing acceptance of our leading
technological capabilities and of our capacity to execute on our
strategic corporate initiatives by effectively penetrating and
developing new markets," mentioned Mr. David Baazov, President and
Chief Executive Officer of Amaya.
Commenting on the signing of the agreement, Mr. Lucas Maitha, Chairman
of the Betting Control and Licensing Board of Kenya said "The
background and due diligence investigations of Amaya revealed that it
is a credible company that is worthy of the license granted to it to
operate a full scale lottery in Kenya. We have full confidence in Amaya
and are assured of its competence as well as its commitment to the
utmost adherence to Kenyan law and regulatory standards."
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.
For further information:
|Mr. David Baazov |
President and Chief Executive Officer
Amaya Gaming Group Inc.
North America: 1-866-744-3122
| || || || ||Investor Relations|
Frederic Dumais, Partner
Jasmin-Dumais Financial Communications