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IPO For Innova Gaming Group
Friday March 27,2015 : AMAYA TO SPIN OFF LOTTERY AND GAMES SUBSIDIARY
Following an IPO, the new Innova Gaming will hold Diamond Game Enterprises.
The Montreal-based online gambling group Amaya Gaming has announced that it is to spin off its Diamond Game Enterprises subsidiary through an initial public offering of the newly formed Innova Gaming Group.
Amaya acquired Diamond Game Enterprises last year for US$25 million, a company which designs, develops, produces, markets and services games, systems and tickets for the North American gaming industry, predominantly for the business to government (B2G) lottery sector.
The Innova offering is being made through a syndicate of underwriters led by Canaccord Genuity, and the new company will hold all the shares of Diamond Game as part of Amaya's strategy to divest its non-online gaming operations.
The Offering contemplates a treasury offering of common shares by Innova and a secondary offering of common shares by Amaya, which will receive the net proceeds for the common shares sold by it under the Offering. The preliminary prospectus is still subject to completion or amendment.
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Final 12 For MPNPT Morocco -
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MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
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PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
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