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

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