Amaya’s Innova Group Acquires Shares of Diamond Game Enterprises

Amaya Gaming Group’s Innova Gaming Group Inc. has completed its IPO and and a secondary offering of common shares, which will begin trading on the Toronto Stock Exchange.

Innova also acquired all shares of Diamond Game Enterprises (DGE), another Amaya company, paid for in shares.

The purchase of DGE is in line with Amaya’s plan to divest its B2B assets for the repayment of debt and/or the buy back and cancellation of common shares.

Innova’s IPO generated Cdn$150 million in gross proceeds and Cdn$34.1 million will go to Amaya.

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