Five-year deal guarantees Amaya $2.0 million revenues over five years
MONTREAL, Jan. 11 /CNW Telbec/ - Amaya Gaming Group Inc. (TSX-V: AYA), a pioneer in the field of electronic devices and software
for the gaming industry announced today the signing of a second
agreement for the deployment of an additional 220 Mosino hospitality
entertainment systems with CGS TRINIDAD Ltd. The additional order
brings the total number of Mosino units under contract with CGS
TRINIDAD Ltd. to 400 across several locations in the Caribbean.
Commenting on this additional milestone with CGS TRINIDAD Ltd., Mr.
David Baazov, President and Chief Executive Officer of Amaya stated "we
are pleased to have secured a second agreement for the deployment of
additional Mosino hospitality entertainment systems with CGS TRINIDAD
Ltd. This repeat order further strengthens both our Mosino deployments
and recurring revenue base."
Speaking about the repeat order on behalf of CGS TRINIDAD Ltd., Mr. John
Charles, Managing Director added, "we are extremely pleased with the
additional revenues generated and the positive feedback received from
our clients, emphasizing an enhanced experience."
About the Mosino System
The Mosino hospitality entertainment system is a proprietary system
allowing hospitality industry participants to offer gaming and other
services on a variety of devices, fixed or mobile. The Mosino,
Can be loaded with a selection of peer-to-peer or house-banked games;
Offers networked or stand-alone play;
Is capable of streaming media and targeted advertising; and
Provides other interactive services.
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
About CGS TRINIDAD Ltd.
CGS is a casino management company based in the Caribbean with offices
in Trinidad & Tobago, Jamaica, Dominican Republic and the United
CGS currently operates ten casinos in the Caribbean and has a range of
services to meet the requirements of any casino project worldwide.
Their management team comprises of experienced professionals from South
Africa, South America, the Caribbean and the United Kingdom.
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, the Corporation
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
Frederic Dumais, Partner
Jasmin-Dumais Financial Communications