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Press release from Marketwire

Amaya Announces Closing of Previously Announced Private Placement of Common Shares

Wednesday, June 27, 2012

Amaya Announces Closing of Previously Announced Private Placement of Common Shares09:13 EDT Wednesday, June 27, 2012MONTREAL, QUEBEC--(Marketwire - June 27, 2012) -NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESAmaya Gaming Group Inc. ("Amaya") (TSX VENTURE:AYA) is pleased to announce that it has closed the previously announced private placement of common shares (the "Common Shares") at a price of $4.05 per Common Share for total gross proceeds of approximately $103.5 million, which included a partial exercise of approximately $3.5 million of the agents' option (the "Private Placement"). The Private Placement was conducted through a syndicate of agents led by Canaccord Genuity Corp. and including BMO Capital Markets, Desjardins Securities Inc., Union Securities Ltd., BayFront Capital Partners Ltd. and Cormark Securities Inc. (collectively the "Agents").The net proceeds from the Private Placement will be used to assist in the implementation of Amaya's growth strategy and the expansion of its international activities, through acquisitions or otherwise, general corporate purposes and working capital. Amaya has paid the Agents an aggregate agents' commission of approximately $2.0 million.The Common Shares issued as part of the Private Placement are subject to a four-month plus one day statutory resale restriction ending on October 28, 2012. 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 AmayaFounded in 2004, Amaya Gaming Group Inc. is a technology based gaming provider for the regulated gaming industry. An expansive global organization, present in North America, Latin America, Europe, Africa and Asia, Amaya is an innovator in the gaming world. Headquartered in Montreal, Canada, Amaya provides a host of services and solutions that range from: online and mobile gaming casino games and platforms, traditional and mobile lotteries, networked electronic gaming systems, hospitality in-room entertainment systems, management systems, content suites, advisory and management services, and integrity monitoring and auditing systems for the regulated gaming markets. Disclaimer in regards to Forward-looking StatementsCertain statements included herein 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.For more information please visit www.amayagaming.com or www.amayaonline.com. FOR FURTHER INFORMATION PLEASE CONTACT: President and Chief Executive OfficerMr. David BaazovAmaya Gaming Group Inc.North America: 1-866-744-3122Worldwide: +1-514-744-3122ORVP, Business DevelopmentMr. Darcy Krogh1-604-669-4180www.amayagaming.comwww.amayaonline.comNeither 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.