Amaya Gaming Leverages With Diamond Gaming’s Lottery Technology

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Amaya Gaming Leverages With Diamond Gaming's Lottery TechnologyBack in February Amaya Gaming finalized the acquisition of designer and manufacturer of game systems for various North American gaming markets Diamond Game. A one time innovative leader in the Class II Native American casino market, Diamond Game casino products included Class II bingo/pull-tab markets, traditional Class III markets and SAS 6.02 compatible games.

Diamond Game has approximately 2,000 machines in 100 locations across 10 jurisdictions. The Company offers over 60 game titles. It holds licenses/approvals in approximately 10 states/provinces/territories and more than 20 U.S. Native American jurisdictions. Amaya’s purchase of Diamond Game was for a US$25million.

A week after the purchase, subsidiary Diamond Game was awarded a a 5-year contract with the Maryland Lottery and Gaming Control Agency. The contract will allow up to five ITLMs at each qualified VO meeting hall in Maryland in which Diamond Game will receive a firm-fixed (“net win”) percentage of the ITLM proceeds.

CEO of Amaya, David Baazov stated, that they were very please with the completion of the purchase and are looking forward to seeing the continued growth of the LT-3, Diamond Game’s newest lottery product.

Amaya will also integrate their extensive library of titles into the Diamond Game’s lottery technology to help further “leverage Diamond Game’s U.S. lottery relationships to potentially expand deployment of Amaya’s gaming solutions.”

Amaya is also interested in a more active stake with The Intertain Group Limited. Formerly Aumento Capital II Corporation, The Intertain Group announced in February that it closed its Qualifying Transaction involving the amalgamation of Goldstar Acquisitionco Inc.

It was also announced that month that Amaya had completed the deal to purchase the subsidiary in a sale worth $70 million (€51.2 million) from WagerLogic Malta Holdings subsidiary to Goldstar Acquisitionco Inc.

WagerLogic Malta Software Ltd is an Amaya Gaming Company specializing in online casino turnkey solutions for Internet gaming and provides Amaya Gaming B2B customers & partners with a full suite of B2C Operations, Marketing and other services for global regulated markets.

InterCasino, InterPoker, and VIPCasino are three of the most notable online gaming operators and world renowned flagship brands that WagerLogic is best known for since 1996.

 

 

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