MONTREAL, May 2, 2016 /PRNewswire/ - Amaya Inc. (Nasdaq:
AYA; TSX: AYA) today announced that it will release its financial
results for the first quarter ended March 31, 2016 after the
close of trading on May 16, 2016 and
will host a conference call and webcast at 5:30 p.m. ET to discuss the same. Rafi Ashkenazi,
Amaya's Interim CEO, will chair the call. To access via
tele-conference, please dial +1.888.231.8191 or +1.647.427.7450 ten
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 91271460. To access
the webcast please use the following link:
http://event.on24.com/r.htm?e=1172543&s=1&k=5C33B77438B32F7DB60D19AE5D06507E.
Change in Presentation Currency
Amaya also announced that it will change its presentation
currency from Canadian dollars to U.S. dollars beginning with
Amaya's unaudited interim consolidated financial statements for the
three months ended March 31, 2016.
Amaya believes that this change will reduce the impact of movements
in exchange rates on reported results and provide shareholders with
a more accurate reflection of Amaya's underlying performance.
To assist shareholders in the transition, Amaya will also
provide certain historical financial information restated in U.S.
dollars in its unaudited interim financial statements for the three
months ended March 31, 2016 and
management's discussion and analysis thereon. This information will
include certain income statement and balance sheet information for
the comparative prior year period and as at December 31, 2015 and 2014, as applicable, and
certain summary financial information for the prior seven
quarters.
About Amaya
Amaya is a leading provider of technology-based products and
services in the global gaming and interactive entertainment
industries. Amaya is the ultimate owner of gaming and related
consumer businesses and brands including PokerStars, Full Tilt,
BetStars, StarsDraft, the European Poker Tour, PokerStars Caribbean
Adventure, Latin American Poker Tour and the Asia Pacific Poker
Tour. These brands have more than 100 million cumulative registered
customers globally and collectively form the largest poker business
in the world, comprising online poker games and tournaments, live
poker competitions, branded poker rooms in popular casinos in major
cities around the world, and poker programming created for
television and online audiences. Amaya, through certain of these
brands, also offers non-poker gaming products, including casino,
sportsbook and daily fantasy sports. Amaya and its group companies
have various gaming and gaming-related licenses or approvals
throughout the world, including from the United Kingdom, Italy, France, Spain, Estonia, Belgium, Denmark, Bulgaria, Greece, Ireland, Romania, the Isle of
Man, Malta, the State of
Schleswig- Holstein in
Germany, the Provinces of
Quebec and Ontario in Canada, and the State of New Jersey in the United States.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
applicable securities laws, including, without limitation, certain
expectations related to the planned change in Amaya's presentation
currency. Forward-looking statements can, but may not always, be
identified by the use of words such as "anticipate", "propose",
"plan", "continue", "estimate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"would", "should", "believe", "objective", "ongoing" and similar
references to future periods or the negatives of these words and
expressions and by the fact that these statements do not relate
strictly to historical or current matters. These statements, other
than statements of historical fact, are based on management's
current expectations and are subject to a number of risks,
uncertainties, and assumptions, including market and economic
conditions, business prospects or opportunities, future plans and
strategies, projections, technological developments, anticipated
events and trends and regulatory changes that affect us, our
customers and our industries. Although Amaya and management believe
the expectations reflected in such forward-looking statements are
reasonable and are based on reasonable assumptions and estimates,
there can be no assurance that these assumptions or estimates are
accurate or that any of these expectations will prove accurate.
Forward-looking statements are inherently subject to significant
business, economic and competitive risks, uncertainties and
contingencies that could cause actual events to differ materially
from those expressed or implied in such statements. Such risks and
uncertainties include, but are not limited to, those identified
under the heading "Risk Factors and Uncertainties" in Amaya's
Annual Information Form for the year ended December 31, 2015 and "Risk Factors and
Uncertainties" and "Limitations of Key Metrics and Other Data" in
its Management's Discussion and Analysis for the periods ended
December 31, 2015 , each available on
SEDAR at www.sedar.com, EDGAR at www.sec.gov and
Amaya's website at www.amaya.com, and in other filings that
Amaya has made and may make with applicable securities authorities
in the future. Investors are cautioned not to put undue reliance on
forward-looking statements. Any forward-looking statement speaks
only as of the date hereof, and Amaya undertakes no obligation to
correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as
required by applicable law.
SOURCE Amaya Inc.