Company expands relationship with large customer for additional 2,000 machines
MONTREAL, Sept. 4, 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 a 10-year definitive agreement with a large customer in Mexico pursuant to which it will place 2,000 Class II gaming units in the customer's locations over the next 12 to 24 months. Under the terms of the agreement, Cadillac Jack will receive a percentage of net win from the machines on a participation basis.
"This is a significant expansion to not only our relationship with this customer but of our installed base of revenue share gaming machines in Mexico," said David Baazov, CEO of Amaya Gaming Group. "Upon full rollout of the machines, we estimate this agreement will significantly boost our recurring revenue."
"We're extremely excited with this agreement, as it reflects our increasing stature in the Mexican gaming machine market as a company focused on maximizing entertainment value for players while boosting profitability for gaming operators," said Mauro Franic, Cadillac Jack's Chief Operating Officer.
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.
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