MONTREAL, Oct. 22, 2013 /CNW/ - Amaya Gaming Group Inc. ("Amaya" or the "Corporation") (TSX: AYA), an entertainment solutions provider for the regulated gaming industry, today announced that it has entered into an agreement (the "Agreement") to provide technology, including a poker platform and casino content, and poker services for goldennuggetpoker.com and goldennuggetcasino.com (the "Brands"), the online gaming brands of Golden Nugget Hotel & Casino ("Golden Nugget"), subject to all applicable licensing and regulatory approvals.
Golden Nugget operates four Golden Nugget Hotels and Casinos in Atlantic City, New Jersey, Las Vegas and Laughlin, Nevada, and Biloxi, Mississippi. Its fifth location was recently announced for a site in Lake Charles, Louisiana.
"We intend to be a preferred early stage operator of real money online gaming as regulation progresses in the United States, initially in New Jersey and Nevada. To thrive in this market, we need to deliver a best-in-class online and mobile player experience." said Thomas Winter, Vice President Online Gaming of Landry's, Inc., which operates Golden Nugget. "Amaya provides proven online casino games and a poker platform that deliver precisely what we need. Through this partnership we can supply exceptional and secure online entertainment, supported by the strong brand of our land-based casinos."
Under the terms of the Agreement, Amaya would receive a share of the revenue generated from the Brands, subject to necessary regulatory requirements.
"We're extremely pleased to be the selected partner for Golden Nugget's venture into the emerging online gaming market in the United States," said David Baazov, CEO of Amaya Gaming Group. "This deal expands our existing partnership with Golden Nugget through the addition of our casino product to their poker offering, a result of both the quality of our offering and our strategic partnerships with both Bally and SHFL."
ABOUT AMAYA GAMING GROUP INC.
Amaya provides a full suite of gaming products and services including casino, poker, sportsbook, platform, lotteries and slot machines. Some of the world's largest gaming operators and casinos are powered by Amaya's online, mobile, and land-based products. Amaya is present in all major gaming markets in the world with offices in North America, Latin America and Europe. Amaya recently acquired Cryptologic, a pioneer within online casino, Ongame, a leader within online poker, and Cadillac Jack, a successful slot machine manufacturer. 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, the Corporation 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.
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