Company places 890 leased units with top operator in Mexico
MONTREAL, May 28, 2013 /CNW/ - Amaya Gaming Group Inc. (TSX.V: AYA), an entertainment solutions provider for the regulated gaming industry, announced today that its company Cadillac Jack has executed an agreement with one of its largest customers in Mexico to expand Cadillac Jack's leased install base by 890 gaming units.
Under this multi-year agreement, the customer will replace 890 of its own units with leased units from Cadillac Jack across 13 locations throughout Mexico.
"This is a tremendous opportunity to expand our partnership with one of our top customers and maximize the entertainment value for their players," said Mauro Franic, Cadillac Jack's Chief Operating Officer. "It also bolsters our stature within the Mexican gaming machine market, which is expected to grow significantly over the next few years."
"This is a great win for us that will significantly increase our installed base and boost recurring revenue in the country," noted David Baazov, CEO of Amaya Gaming Group. "It also illustrates the success of our commitment to providing gaming products and solutions that can improve profitability for gaming operators while providing players with popular and cutting-edge games deployed in a secure technology environment."
ABOUT CADILLAC JACK
Cadillac Jack, a wholly owned subsidiary of Amaya Gaming Group Inc., is a leading supplier of products and technology for the global gaming market. Cadillac Jack provides games and systems to the Class II, Class III and commercial gaming markets in the US, Mexico, and other select international jurisdictions. The company designs, manufactures, and markets a comprehensive range of products that include server-based and stand-alone video reel slots, wide area and multi-level progressives, and slot management systems. In addition to its North America headquarters in the metro Atlanta area (Duluth, GA), Cadillac Jack maintains international sales and service locations throughout Mexico. More information may be found at www.cadillacjack.com.
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, 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:
Gina Lanphear, Sr. Director, Marketing
1-416-815-0700 ext. 251