AMAYA GAMING GROUP INC. ANNOUNCES $10 MILLION BOUGHT DEAL EQUITY OFFERING

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

MONTREAL, Nov. 17 /CNW Telbec/ - Amaya Gaming Group Inc. ("Amaya") is pleased to announce that it has entered into an agreement to sell, on a bought deal basis, 3,400,000 common shares of its share capital (the "Common Shares") at a price of CAD$3.00 per Common Share to a syndicate of underwriters led by Canaccord Genuity Corp. and which includes Dundee Securities Corporation and Laurentian Bank Securities Inc. (collectively, the "Underwriters"), to raise gross proceeds of CAD$10,200,000 (the "Offering").

In addition, Amaya has granted the Underwriters an over-allotment option exercisable at any time, in whole or in part, up to 30 days from the closing of the Offering, to purchase up to that number of additional common shares of Amaya equal to 15% of the Common Shares sold pursuant to the Offering, to cover over-allotments, if any, and for market stabilization purposes (the "Over-Allotment Option"). If the Over-Allotment Option is exercised in full, the total gross proceeds to Amaya will be CAD$11,730,000.

Amaya intends to use the net proceeds of the Offering to fund the "SMS Lotto" project in Kenya and the SMS "M-Lotto" project in Uganda, including marketing and advertising efforts, customer and technical support services, lottery prize pools, expanding Amaya's labour force and for general corporate and working capital purposes.

Closing of the Offering is expected to occur on or about December 7, 2010 and is subject to certain customary conditions and the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange Inc. The Common Shares will be offered for sale to the public in the provinces of Alberta, British Columbia, Ontario and Quebec pursuant to a short form prospectus to be filed with the securities regulatory authorities of such provinces.

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 AMAYA

Amaya is engaged in the design, development, manufacturing, distribution and sale of technology-based gaming solutions for the regulated gaming industry worldwide. Amaya's solutions are server-based and include a multi-gaming platform ("MGP¹⁰"), hardware devices, such as electronic gaming tables, multi gaming terminals, mobile gaming devices, a proprietary gaming library, a central reporting module ("Central Reporting Module" or "CRM") as well as a Short Message Service (SMS) Lottery System.

For more information please visit www.amayagaming.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, Amaya 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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