MONTREAL, Dec. 17, 2012 /CNW/ - Amaya Gaming Group Inc. ("Amaya" or the
"Corporation") (TSXV: AYA), an entertainment solutions provider for the
regulated gaming industry, and SHFL entertainment, Inc. (NASDAQ Global
Select Market: SHFL) ("SHFL" or the "Company") today announced that
SHFL has been selected as the exclusive distributor of Amaya's state of
the art Gaming Platform ("AGP") and the Ongame Poker Platform ("Ongame
Poker") in the United States for a 10 year term commencing on the
execution of the definitive agreement.
SHFL was founded in 1983 with corporate headquarters in Las Vegas, NV.
The company posted 2011 revenues of US$228 million (all figures in US
dollars) and has a current market capitalization of $887 million. SHFL
has over 3,000 customers in six continents and holds more than 300
gaming licenses, approvals, authorizations and waivers from gaming
authorities and regulators worldwide. In July, SHFL was one of the
first three companies to be granted an unrestricted interactive license
by the Nevada Gaming Control Board.
The terms of a definitive agreement will include SHFL making up to a $10
million payment to Amaya for the exclusive rights granted. SHFL and
Amaya will share all revenue equally and also split all direct U.S.
operational expenses, such as hosting, hardware and licensing costs.
Upon the execution of the definitive agreement, SHFL will pay Amaya $2
million and have the immediate ability to offer its
business-to-business ("B2B") customers the AGP casino content and
Ongame Poker solution for free-to-play social casino, which is one of
the fastest growing segments of online entertainment in North America.
Contingent upon regulated, real-money online poker commencing under
either a Federal statute or in California, SHFL will pay Amaya an
additional $8 million. Alternatively, if individual States commence
regulated, real-money online poker before commencement of such play
under either a Federal statute or such play becomes legalized in
California, SHFL will pay up to an aggregate of $8 million on a
prorated basis (based on population) as individual States commence
regulated, real-money online poker. In the event the Federal
government or California commences regulated, real-money online poker
after any other State, SHFL will pay Amaya the difference between $8
million and the aggregate amount previously paid.
"With over 90 companies around the globe currently using its platforms,
we believe that Amaya is a leader in the online gaming market and
working with them will offer many mutual benefits," said Gavin Isaacs, SHFL's Chief Executive Officer. "We are confident that the integration of our renowned brands and
content delivery technology into Amaya's full suite of cutting-edge
online platforms will create a turnkey solution for our customers.
Together with our many U.S. gaming licenses, we believe we will be able
to maximize the market presence of these platforms."
"Strategic alliances have always been an integral part of Amaya's
strength and growth in key markets, and SHFL, with its reputation for
gaming innovation and strong relationships in the U.S., is an ideal
partner for us in the U.S. market," said David Baazov, CEO of Amaya. "Amaya expects to leverage those qualities by combining our
technologies and expertise and putting forward a very compelling
offering to U.S. operators wishing to extend their brand and operations
Added Louis Castle, SHFL's Chief Strategy Officer: "Free-to-play and social casino offer an exciting immediate opportunity
for collaboration with Amaya. The U.S. online poker market is also very
promising and we are thrilled to have the opportunity to work with
Ongame, whom we have always believed has the best technology available
for online B2B poker."
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.
Founded in 2004, Amaya Gaming Group Inc. is a technology based gaming
provider for the regulated gaming industry. An expansive global
organization, present in North America, Latin America, Europe, and
Asia, Amaya is an innovator in the gaming world. Headquartered in
Montreal, Canada, Amaya provides a host of services and solutions that
range from: online and mobile gaming casino games, poker games and
platforms, traditional and mobile lotteries, networked electronic
gaming systems, hospitality in‐room entertainment systems, management
systems, content suites, advisory and management services, and
integrity monitoring and auditing systems for the regulated gaming
markets. For more information please visit www.amayagaming.com or www.amayaonline.com.
About SHFL Entertainment
SHFL entertainment, Inc. is a leading global gaming supplier committed
to making gaming more fun for players and more profitable for operators
through product innovation, and superior quality and service. The
Company operates in legalized gaming markets across the globe and
provides state-of-the-art, value-add products in five distinct
categories: Utility products, which include automatic card shufflers
and roulette chip sorters; Proprietary Table Games, which includes live
games, side bets and progressives; Electronic Table Systems, which
include various e-Table game platforms; Electronic Gaming Machines,
which include video slot machines; and newly introduced iGaming, which
features online versions of SHFL entertainment's table games, social
gaming, and mobile applications. The Company is included in the S&P
Smallcap 600 Index. Information about the Company and its products can
be found on the Internet at www.shfl.com, or on Facebook, Twitter and YouTube.
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.
SOURCE: AMAYA GAMING GROUP INC.
For further information:
Mr. Darcy Krogh
VP, Business Development
Amaya Gaming Group Inc.
SHFL ENTERTAINMENT, INC.
Vice President - Investor Relations / Corporate Communications
+1- 702- 897-7150