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Press release from CNW Group


Thursday, May 26, 2011

AMAYA GAMING GROUP SIGNS EXCLUSIVE AGREEMENT FOR LOTTERY & ONLINE GAMING WITH NATIONAL LOTTERY IN FIRST EUROPEAN COUNTRY07:00 EDT Thursday, May 26, 2011MONTREAL, May 26, 2011 /CNW Telbec/ - (TSX.V: AYA) ("Amaya") an entertainment solutions provider for the regulated gaming industry is pleased to announce that it has signed a lottery and online gaming collaboration and technology license agreement with the national lottery of Montenegro ("Lutrija Crne Gore"). Under the terms of this exclusive five-year agreement, Amaya will provide lottery and online gaming technologies and operational support to Lutrija Crne Gore, the National lottery of Montenegro which will include both traditional and SMS lotteries as well as be the exclusive operator for Online Gaming on behalf of Lutrija Crne Gore in exchange for a percentage of profits.  Lutrija Crne Gore has been operating for over 50 years and is the operator of the national lottery in Montenegro; they have exclusivity on any and all forms of lottery."This first agreement in a European country follows our endeavours in other parts of the world, namely with the Dominican Republic and more recently, Kenya", declared David Baazov, President and Chief Executive Officer of Amaya Gaming Group. "The growing interest demonstrated towards Amaya's turnkey solutions for regulated gaming activities clearly demonstrates the value of our business model. We look forward to collaborating with Lutrija Crne Gore in the management and operation of the national lottery in Montenegro.""We are looking forward to integrating Amaya's turnkey solutions into our lottery and online gaming service offering in addition to the benefits provided by their managerial expertise gained elsewhere." added Sava Grbovic, Chief Executive Officer of Lutrija Crne Gore. "Amaya has rapidly built a solid international reputation and was able to clearly demonstrate their value. They have laid out a business plan that generates the most significant incremental value for the lottery, and also maintains the highest levels of integrity and responsibility in all operational processes."About Amaya Gaming GroupAmaya is engaged in the design, development, manufacturing, distribution and sale of technology based gaming solutions for the regulated gaming industry worldwide. For more information please visit www.amayagaming.comAbout Lutrija Crne GoreLutrija Crne Gore (National Lottery of Montenegro) is a Montenegro-based company with the exclusive concession to operate the National Lottery of Montenegro. It provides lottery services, scratch cards, toto betting and games of chance. It has been operating for over 50 years and has over 200 employees.  For more information please visit in regards to Forward-looking StatementsCertain statements included herein, including those that express management's expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, Amaya does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events."Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."For further information: Mr. David Baazov President and CEO Amaya Gaming Group inc. North America: 1-866-744-3122 Worldwide: 1-514-744-3122 Investor Relations Mr. Marc Jasmin, CMA President Jasmin Financial Communications inc. 514-231-2360