Mr. Tim Foran reports

AMAYA ANNOUNCES PLANNED DEBT REFINANCING AND PROVIDES Q2 FINANCIAL EXPECTATIONS AND CONFERENCE CALL DETAILS

Amaya Inc., in connection with its previously announced plans to reduce its indebtedness, intends to refinance certain of its outstanding long-term indebtedness, which it incurred to partially finance the Aug. 1, 2014, acquisition of the PokerStars and Full Tilt businesses. The corporation expects the refinancing to include, among other things, the repayment of approximately $575-million (U.S.) of its currently outstanding $800-million (U.S.) second-lien term loan. Amaya also today provided certain financial expectations and conference call details for the quarter ended June 30, 2015.

The refinancing

The corporation intends to finance the repayment, as well as fees and related costs, through the combination of an approximately $400-million (U.S.) incremental first-lien term loan and approximately $195-million (U.S.) in cash, including cash on the balance sheet as well as from the anticipated net proceeds from the previously announced sale of the Chartwell and Cryptologic businesses to NYX Gaming Group Ltd. The corporation believes that the refinancing will reduce certain debt service costs, including interest costs, and will thereby strengthen Amaya's cash flow generation, liquidity and leverage profile.

Amaya has engaged Deutsche Bank Securities Inc., Barclays Bank PLC, Goldman Sachs Lending Partners LLC and Macquarie Capital (USA) Inc. to act as the joint lead arrangers and joint bookrunners for the refinancing. The corporation anticipates completing the refinancing before the end of the third quarter of this year, subject to market and other conditions.

Second-quarter guidance and earnings release date

In connection with the refinancing, Amaya is announcing its expectations for certain financial results for the quarter ended June 30, 2015. The corporation anticipates revenues in the range of $314-million to $318-million based on an average U.S.-dollar-to-Canadian-dollar exchange rate of 1.2297 for the second quarter of 2015 or $323-million to $326-million based on a U.S.-dollar-to-Canadian-dollar exchange rate of 1.26, which is the rate used in the corporation's previously announced full-year financial guidance. Revenues are net of approximately $6-million in value-added taxes introduced in certain European Union jurisdictions (VAT) in 2015. The corporation also anticipates adjusted earnings before interest, taxes, depreciation and amortization (1) of $135-million to $139-million based on the second-quarter foreign exchange rate, or $139-million to $142-million based on the guidance FX rate. Adjusted EBITDA is net of approximately $10-million in VAT and recently introduced gaming duties, including point of consumption taxes introduced in the United Kingdom in December, 2014. These financial expectations are for Amaya's business-to-consumer (B2C) business, primarily comprising the on-line gaming brands PokerStars and Full Tilt, and exclude contributions from Amaya's business-to-business (B2B) businesses, which were, or will be classified, as discontinued operations, and their assets and liabilities as held for sale, in 2015. This includes Cadillac Jack Inc. (now owned by AGS LLC, an affiliate of funds managed by Apollo Global Management LLC), Diamond Game Enterprises (now a majority-owned subsidiary of Innova Gaming Group Inc.), Chartwell and Cryptologic (to be owned by NYX). The financial results for the second quarter of 2015 reflect year-over-year revenue growth from Amaya's core poker business on a constant currency basis, as well as growth from Amaya's emerging on-line casino vertical, which represented approximately 12 per cent of the anticipated revenues. Revenues from on-line casino almost doubled relative to the first quarter of 2015. Amaya's on-line sportsbook was in beta form in limited jurisdictions during the second quarter of 2015 and therefore contributed negligible revenues. At June 30, 2015, PokerStars and Full Tilt had cumulative play-money and real-money customer registrations of more than 95 million. Total registrations grew by approximately 1.9 million during the quarter.

Fiscal year 2015 guidance

Amaya is reaffirming its previously announced 2015 full-year financial guidance provided in its earnings release on May 14, 2015, for the quarter ended March 31, 2015, with no changes to the ranges provided nor any material changes to the assumptions used to determine such guidance.

Conference call and webcast details

Amaya will host a conference call on Thursday, Aug. 13, 2015, at 8:30 a.m. ET, to discuss its financial results for the second quarter of 2015. David Baazov, chief executive officer of Amaya, will chair the call. The corporation plans to release its financial results on Thursday, Aug. 13, 2015, at 7 a.m. ET.

To access via teleconference, please dial 1-888-231-8191 or 1-647-427-7450 10 minutes prior to the scheduled start of the call. The playback will be made available two hours after the event at 1-855-859-2056 or 1-416-849-0833. The conference ID number is 92173455.

(1) Adjusted EBITDA as defined by the corporation means net earnings (loss) from continuing operations before interest and financing costs (net of interest income), income taxes, depreciation and amortization, stock-based compensation, and restructuring and other non-recurring costs. Adjusted EBITDA is not a U.S. generally accepted accounting principle and international financial reporting standard measure.

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