AMAYA CLINCHES 20-YEAR EXCLUSIVE GAMING CONTRACT

Thursday September 8, 2011 : Company to provide a full range of gaming solutions in Republic of Moldova
 
Canadian gaming provider Amaya Gaming Group has been awarded a 20-year exclusive contract with the National Lottery of Moldova in the Republic of Moldova to provide a complete range of gaming solutions.
 
Amaya will implement and support national gaming programmes including; lottery, video lottery terminals, sports betting and digital gaming, potentially earning the company $20 million per annum.
 
"We are very pleased to begin a long-term relationship with the National Lottery of Moldova that promises to be fruitful for both parties," said David Baazov, President and Chief Executive Officer of Amaya Gaming Group.  "Our technology is designed to offer a full range of gaming solutions from a single platform, and we believe our breadth of capabilities was a key reason we were selected, along with our ability to ensure the integrity of the system.  While Moldova is the first customer to formally select us for this wide range of gaming activities, our strategy is to expand our relationships over time with new and existing customers by offering more gaming technologies in their jurisdictions."
 
As with Montenegro (see previous InfoPowa report), the Eastern European country’s aspirations to join the European Union, already implementing the first three-year Action Plan within the framework of the European Neighbourhood Policy, may be clipped with a monopolised gambling concept unlikely to find favour with the European Commission.
 
Implementation of the proposed gaming solution is scheduled to begin in the fourth quarter of 2011.