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Amaya raises less than hoped for.
 
Amaya Gaming Group, a Montreal-based developer of technologies for online gambling, revealed this week that it had raised Cdn$5 million in an initial public offering launched to finance growth.
 
Amaya, whose products include server and network-based gambling and electronic table games, said it sold 5 million units at Cdn$1 each.
 
Each unit consists of one common share of Amaya and one half common share purchase warrant. Each share purchase warrant entitles the holder to purchase one common share at a price of Cdn$1.50 for up to 12 months after the closing of the offering.
 
The offering was completed through a syndicate of agents led by Canaccord Genuity Corp and included Desjardins Securities Inc.
 
Amaya plans to use the proceeds as well as Cdn$3 million of subordinated debt financing from Capital Regional et Cooperatif Desjardins to fund future growth.
 
The company, whose products include Pokerstation, Pokermate and Mosino automated poker applications, had hoped to raise as much as Cdn$7.5 million, according to a filing on SEDAR.
 
Shares of Amaya opened trading under AYA.V on the TSX Venture Exchange Wednesday. The shares were unchanged at Cdn$1.15 each.
 
The Reuters news agency reports that Amaya revenue rose about 20 percent in 2009 over the year earlier to Cdn$5.9 million. Net profit, however, fell marginally to Cdn$648,038 from Cdn$673,919 in 2008. In 2007 it posted a loss of Cdn$1.97 million, according to documents filed to SEDAR.
 
Amaya was founded in 2004 and has 28 employees.



Gambling News :

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

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