MONTREAL, May 31, 2017 /PRNewswire/ - Amaya Inc. (Nasdaq:
AYA; TSX: AYA) today announced that it has made its final payment
on the deferred purchase price obligation for its acquisition of
the Rational Group in August 2014.
Amaya used cash flow from operations to make the payment, which
included the remaining balance of $47.5
million and approximately $870,000 of associated fees. As previously
announced, Amaya paid $200 million of
the deferred purchase price in November
2016, $75 million in
February 2017 and a further
$75 million in April 2017. All dollar ($) amounts are in U.S.
dollars.
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 111 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.
SOURCE Amaya Inc.