Amaya Completes Diamond Game Acquisition (update)

Lottery technology company brings multiple patents to the table

Amaya Gaming Group Inc. has closed its 100 percent equity acquisition of Diamond Game Enterprises (see previous InfoPowa report), a designer and manufacturer of gaming products for the casino gaming and lottery industries.

Amaya paid US$18 million on closing of the Transaction from cash on hand with a US$7 million holdback for certain contingent liabilities and other items.

"We're pleased to have completed the purchase of Diamond Game, an innovator in lottery technology with multiple patents, and excited to have the company's staff become part of Amaya's global team," said David Baazov, CEO of Amaya.

Diamond Game will maintain its corporate headquarters in California.

Online Casino News Courtesy of Infopowa

More news

here.

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

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.
bryan@casinomeister.com

See More Posts