Amaya Signs Agreement For More Than 800 Mosino Units With Sirenis Hotels &
Resorts
Third consecutive agreement to bring total Mosino systems contracts over 2,000
MONTREAL, Oct. 7 /CNW Telbec/ - Amaya Gaming Group Inc. (TSX-V: AYA), a pioneer in the field of electronic devices and software for the gaming industry announced today the signing of an agreement for the deployment of its proprietary Mosino hospitality entertainment system with Sirenis Hotels & Resorts ("Sirenis"), at the Sirenis Resort Punta Cana in the Dominican Republic.
Under the terms of the 5 year participation lease agreement with Sirenis, Amaya expects to install in excess of 800 Mosino units by the end of the first quarter of 2011 in exchange for a participation fee comprised of a fixed and substantial percentage of the revenues generated. Amongst the various revenue streams anticipated are, casino games, pay-per-view movies, internet access and advertising.
Commenting on this third consecutive Mosino deployment agreement in the past few weeks, Mr. Jean-Paul Symeonidis, Amaya's Director of Sales and Marketing, stated "our deployment strategy for the Mosino system is right on track with our business plan, schedule and expectations. We are thrilled to have the Sirenis Hotels & Resorts group join our rapidly growing list of valued and renowned partners. We anticipate the fast and meaningful financial benefits to hotel & resort operators resulting from the implementation of our entertainment system solutions to continue making a powerful business case for additional agreements in similar markets and environments."
"We are thrilled to be able to offer our clientele with such a complete entertainment system in the comfort of each of our guest rooms. We believe the Mosino system is the perfect entertainment complement to our luxurious and first-class services offering." mentioned Ms. Vanessa Costa, Director of Operations of Sirenis Hotels & Resorts.
About the Mosino System
The Mosino hospitality entertainment system is a proprietary system allowing hospitality industry participants to offer gaming and other services on a variety of devices, fixed or mobile. The Mosino,
- Can be loaded with a selection of peer-to-peer or house-banked games; - Offers networked or stand-alone play; - Is capable of streaming media and targeted advertising; and - Provides other interactive services
About Amaya
Amaya 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
About Sirenis Hotels & Resorts.
Sirenis Hotels & Resorts is an international, family-run company with more than 35 years experience in the Hotel business, based on the island of Ibiza (Spain). Sirenis Hotels & Resorts offers first class and luxury hotels located on the island of Ibiza (Spain), Punta Cana (Dominican Republic), Mayan Riviera (Mexico), Varadero and Holguin (Cuba). For more information, please visit http://www.sirenishotels.com
Disclaimer in regards to Forward-looking Statements
Certain 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, the Corporation 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."
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For further information: Mr. David Baazov, President and Chief Executive Officer, Amaya Gaming Group Inc., North America: 1-866-744-3122, Worldwide:1-514-744-3122, http://www.amayagaming.com; Investor Relations, Frederic Dumais, Partner, Jasmin-Dumais Financial Communications, 514-862-1251, [email protected]
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