MONTREAL, April 27, 2017 /PRNewswire/ - Amaya Inc.
(Nasdaq: AYA; TSX: AYA) today announced that it has paid an
additional $75 million on its
outstanding deferred purchase price obligation for its acquisition
of the Rational Group in August 2014.
All dollar ($) amounts are in U.S. dollars.
Amaya's remaining deferred purchase price obligation is
approximately $47.5 million, which
Amaya intends to pay by the end of June
2017 using unrestricted cash on its balance sheet and cash
flow from operations.
As previously announced, Amaya paid $200
million of the deferred purchase price in November 2016, and a further $75 million on February 1,
2017.
About Amaya
Amaya is a leading provider of technology-based products and
services in the global gaming and interactive entertainment
industries. Amaya ultimately owns gaming and related consumer
businesses and brands including PokerStars, PokerStars Casino,
BetStars, Full Tilt, StarsDraft, and the PokerStars Championship
and PokerStars Festival live poker tour brands (incorporating
aspects of the European Poker Tour, PokerStars Caribbean Adventure,
Latin American Poker Tour and the Asia Pacific Poker Tour). These
brands have more than 108 million cumulative registered customers
globally and collectively form the largest poker business in the
world, comprising online poker games and tournaments, sponsored
live poker competitions, marketing arrangements for branded poker
rooms in popular casinos in major cities around the world, and
poker programming and content 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, through certain of its subsidiaries, is
licensed or approved to offer, or offers under third party licenses
or approvals, its products and services in various jurisdictions
throughout the world, including in Europe, both within and outside of the
European Union, the Americas and elsewhere. In particular,
PokerStars is the world's most licensed online gaming brand,
holding licenses or related operating approvals in 17
jurisdictions.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking information
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and applicable securities laws. Forward-looking
statements can, but may not always, be identified by the use of
words such as "anticipate", "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. These
statements 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
actual results will not differ materially from those expressed or
implied in forward-looking statements. Forward-looking statements
are inherently subject to significant business, regulatory,
economic and competitive risks, uncertainties and contingencies
that could cause actual events to differ materially from those
expressed or implied in such statements. Specific risks and
uncertainties include, but are not limited to, Amaya's plans and
ability to pay the deferred purchase price for the acquisition of
the Rational Group. Other applicable risks and uncertainties
include, but are not limited to, those identified in Amaya's Annual
Information Form for the year ended December
31, 2016, including under the heading "Risk Factors and
Uncertainties", and in its Management's Discussion and Analysis for
the year ended December 31, 2016,
including under the headings "Risk Factors and Uncertainties",
"Limitations of Key Metrics and Other Data" and "Key Metrics", 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 or information. Any forward-looking
statement or information 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.