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Amaya Gaming Group Inc Announces Proposed Acquisition Of Diamond Game Enterprises


Wednesday, 12 Jun 2013 07:55am EDT 

Amaya Gaming Group Inc. announced that it has entered into a definitive purchase agreement to acquire 100% of the issued and outstanding securities (the Transaction) of a private, arms-length company Diamond Game Enterprises (Diamond Game), a designer and manufacturer of gaming related products for the global casino gaming and lottery industries. Closing of the Transaction, Amaya is expected to pay USD25 million, subject to customary purchase price adjustments, to acquire 100% of the equity of Diamond Game and to retire its debt. Amaya will finance the consideration to be paid for the Transaction through cash on hand. Closing of the Transaction will be subject to Amaya receiving all necessary licensing and regulatory approvals and is expected to occur during the fourth quarter of 2013. 

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