Amaya Closes Wagerlogic Sale (update)

Continue to power Inter-brands

Amaya Gaming Group has completed the previously announced sale of its WagerLogic Malta Holdings Ltd subsidiary (see previous InfoPowa reports) to Goldstar Acquisition co Inc. for $70 million, less a closing working capital adjustment of $7.5 million.

The deal was satisfied through a cash consideration of $52.5 million and a vendor take-back of a promissory note of $10 million, bearing interest of 6 percent per annum.

A further earn-out agreement is included in which Amaya may receive additional cash considerations based on the achievement of specified revenue targets.

Amaya said its subsidiaries will continue to provide WagerLogic's Inter-brands with software, services and content. The "Inter" brands comprise InterCasino, InterPoker and InterBingo.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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