Amaya Signs Agreement For More Than 1,000 Mosino Units With Leading Dominican
Hotel And Resort Operator
MONTREAL, Sept. 14 /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 AMHSA Marina Hotels & Resorts ("AMHSA"), one of the leading hotel and resort operators in the Dominican Republic.
Under the terms of the 5 year participation lease agreement with AMHSA, Amaya expects to install more than 1,000 Mosino units by the end of 2010 in exchange for a fixed and substantial percentage of the revenues generated. The various revenue streams expected will include casino games, pay-per-view movies, internet access and advertising, amongst others.
"We are extremely pleased with this agreement. This second agreement for the deployment of our Mosino hospitality entertainment system in such a short period of time, is testimony to the rapidly growing market acceptance of our leading technology. It also emphasizes the valuable revenue generating potential it provides to both the operator and Amaya. This contract further increases and solidifies our recurring revenue generating capacity," stated Mr. David Baazov, President and Chief Executive Officer of Amaya.
Speaking about the new collaboration on behalf of AMHSA, Mr. Luis Lopez, CEO added "We are thrilled with our new collaboration with Amaya. The Mosino system is a powerful and user-friendly addition that fits perfectly with our philosophy of always providing our clientele with excellence in the vacation and entertainment experience."
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 AMHSA Marina Hotels & Resorts.
Amhsa Marina Hotels & Resorts is the largest "genuinely" Dominican hotel chain that manages resorts across the Dominican Republic under the All Inclusive Concept since May 2000. For more information, please visit http://www.amhsamarina.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
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