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Press release from CNW Group

AMAYA GAMING GROUP INC. ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED $10 MILLION BOUGHT DEAL PRIVATE PLACEMENT

Wednesday, June 15, 2011

AMAYA GAMING GROUP INC. ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED $10 MILLION BOUGHT DEAL PRIVATE PLACEMENT09:01 EDT Wednesday, June 15, 2011/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/MONTREAL, June 15, 2011 /CNW Telbec/ - Amaya Gaming Group Inc. ("Amaya") is pleased to announce that it has closed its previously announced bought deal private placement of 3,300,000 common shares of its share capital (the "Common Shares") at a price of CAD$3.10 per Common Share for aggregate gross proceeds of CAD$10,230,000 (the "Offering"). The Offering was conducted through a syndicate of underwriters led by Canaccord Genuity Corp. and including Laurentian Bank Securities Inc. (collectively, the "Underwriters").In addition, Amaya has granted the Underwriters an over-allotment option exercisable at any time, in whole or in part, up to 30 days from the closing of the Offering, to purchase up to that number of additional common shares of Amaya equal to 15% of the Common Shares sold pursuant to the Offering, to cover over-allotments, if any, and for market stabilization purposes (the "Over-Allotment Option"). If the Over-Allotment Option is exercised in full, the total gross proceeds to Amaya will be CAD$11,764,500.Amaya intends to use the net proceeds of the Offering for the Chartwell acquisition announced on May 12, 2011, for various online gaming initiatives as well as for general corporate and working capital purposes.Amaya has paid the Underwriters an aggregate underwriting commission of CAD$613,800 and has granted the Underwriters compensation options (the "Compensation Options") to purchase an aggregate number of 198,000 Common Shares, representing 6% of the total number of Common Shares sold pursuant to the Offering, at a price of CAD$3.10 per Common Share until June 15, 2013.Amaya has received conditional listing approval from the TSX Venture Exchange for the Common Shares sold under the Offering, and the common shares underlying the Compensation Options.The Common Shares issued as part of the Offering are subject to a four-month plus one day statutory resale restriction ending on October 16, 2011.This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended).ABOUT AMAYAAmaya 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.com.DISCLAIMER 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 BaazovPresident and Chief Executive OfficerAmaya Gaming Group Inc.North America: 1-866-744-3122Worldwide: 1-514-744-3122 http://www.amayagaming.com    Investor RelationsMr. Marc Jasmin, CMAJasmin Financial Communications inc514-231-2360 marc@comjamais.com