15:35:45 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Amaya Inc
Symbol AYA
Shares Issued 132,908,972
Close 2015-03-30 C$ 30.21
Market Cap C$ 4,015,180,044
Recent Sedar Documents

Globe/CP say Amaya agrees to unload Cadillac Jack unit

2015-03-31 08:24 ET - In the News

The Globe and Mail reports in its Tuesday edition Amaya announced a $476-million deal Monday to sell its holdings in the Cadillac Jack casino game business. A Canadian Press dispatch to The Globe says Amaya wants to concentrate on the PokerStars gambling business it acquired last year. The buyer is AGS, an affiliate of funds managed by Apollo Global Management. AGS will give Amaya $461-million in cash and a $15-million note due on the eighth anniversary of the deal closing for the shares of Amaya Americas Corp., the indirect parent of Cadillac Jack. Last week, the company said it was spinning off its Diamond Game Enterprises unit through an initial public offering of a newly formed Innova Gaming Group. Innova will hold all the shares of Diamond Game, which designs and develops games, primarily for the North American lottery sector. Last June, Amaya struck a $4.9-billion deal to buy the world's largest on-line poker company, operator of PokerStars and Full Tilt Poker. Amaya chief executive officer David Baazov said Cadillac Jack has grown significantly since it acquired the business in 2012 for $177-million. Cadillac Jack has more than 13,000 games installed in casinos and a library of 165 game titles.

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