Amaya Gaming Sells Two Software Development Companies

Amaya Gaming continues to sell off its non-core assets having announced the sale of software developers Amaya (Alberta), previously known as Chartwell Technology, and Cryptologic to NYX Gaming Group for CA$150 million.

The sale is expected to be complete during Q3 2015.

NYX chief executive, Matt Davey said that after the company’s acquisition of the Ongame poker network from Amaya in 2014, he negotiated a right of first offer to acquire Cryptologic and Chartwell.

"This transaction completes the strategy we embarked upon with Ongame," Davey said. "We believe there to be a substantial growth opportunity in the PokerStars and Full Tilt casino offering, which we anticipate benefiting from as part of our licensing agreement with Amaya."

“We are pleased to further deepen our relationship with NYX as a strategic partner and supplier to our B2C online casino operations,” said David Baazov, CEO of Amaya. “This transaction is consistent with our stated strategy of divesting our non- core B2B assets, while still giving us the ability to offer popular games and new and innovative titles on a regular basis from Chartwell, CryptoLogic, and now NYX.”

Amaya also plans to spin off its Diamond Game Enterprises subsidiary via the newly formed Innova Gaming Group.


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    sharpe

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    It looks like that Amaya Gaming is deciding to sell all non-core assets that they've own. From what I've heard the company have some debts and that is the reason for all this sales recently. Maybe the drop in their business is also a factor for that, but that's are only guesses.
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    leannep

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    Hello, walls.
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    I hope they develop a comprehensive tutorial for online poker! I am very literate but have a few limitations and I don't go onto the poker games because I haven't got a full understanding of how they are properly used (that's not even "how they work"!) I click on the chips and it doesn't seem to do what I expect; I wait for a 'deal' or a...what's a 'flop'? ....sounds lame, but after 10 years of online gaming I still don't get it.

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