MONTREAL, May 19, 2015 /CNW/ - Amaya Inc. (TSX: AYA) today announced that it has agreed to jointly finance (subject to satisfaction of certain conditions), along with GVC Holdings PLC (AIM: GVC) ("GVC"), a multinational sports betting and gaming group, a proposal by GVC to acquire the entire issued and to be issued share capital of global online gaming operator bwin.party digital entertainment plc (LSE: BPTY) ("bwin.party").
Strategic acquisitions are one component of Amaya's growth strategy and, as such, the Corporation regularly evaluates and sometimes pursues potential acquisition opportunities that may be accretive to shareholders and can expand its customer base and consumer offerings through the addition of new products, new geographies, and/or new consumers. From time to time, this process leads to discussions with potential acquisition targets. However, there is no agreement between GVC and bwin.party and there can be no guarantee that these discussions will result in any such agreement or the completion of any transaction.
As a general policy, Amaya does not comment publicly on potential acquisitions unless and until a binding legal agreement has been signed. Today's announcement confirms the statement issued by GVC, which met GVC's regulatory requirements.
At this time, Amaya does not intend to provide further details on GVC's proposal, any related financing, including by Amaya, or any discussions regarding the same.
CAUTION REGARDING FORWARDING LOOKING STATEMENTS
Certain statements included herein, including those that express management's expectations or estimates of future events, results on 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 risks, uncertainties and contingencies that could cause actual events, results or performance to differ materially from those expressed or implied in such statements.
These and other applicable risks and uncertainties include, but are not limited to, those identified under the heading "Risk Factors and Uncertainties" in Amaya's Annual Information Form for the year ended December 31, 2014 and in its Management's Discussion and Analysis for the period ended March 31, 2015, each as filed on SEDAR at www.sedar.com, and in other filings that Amaya has made and may make with applicable securities authorities in the future.
The forward-looking statements contained herein reflect Amaya's current views with respect to future events, and except as required by applicable law, Amaya does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events, or otherwise.
SOURCE Amaya Inc.