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Amaya Gaming Group Looking to divest its B2B assets
Monday January 12,2015 : AMAYA LOOKS TO DIVEST B2B ASSETS
To repay debt and buy back common shares
Canadian gaming firm Amaya Gaming Group said in a trading update Monday that it intends “exploring strategic opportunities” to divest its B2B assets including gaming solutions business, Cadillac Jack Inc. and Diamond Game.
The company confirmed it is currently evaluating non-binding proposals from unnamed potential buyers for its Cadillac Jack Inc. business.
Amaya will use funds from the proposed sale of these assets to repay debt and/or repurchase and cancel common shares which it believes are currently undervalued.
The company is planning to make a normal course issue bid to purchase and cancel upwards of 5 million common shares over a 12 month period, representing around 5 percent of the current public float.
“Amaya believes that its current share price does not reflect the underlying value of the Corporation, and that purchasing shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders,” a company statement said.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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