AMAYA GAMING GROUP INC. ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED $10 MILLION
BOUGHT DEAL EQUITY OFFERING

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

MONTREAL, Dec. 7 /CNW Telbec/ - Amaya Gaming Group Inc. ("Amaya") is pleased to announce that it has closed its previously announced bought deal equity offering of 3,400,000 common shares from the treasury of Amaya (the "Common Shares") at a price of CAD$3.00 per Common Share (the "Offering") for aggregate gross proceeds of CAD$10,200,000. The Offering was conducted through a syndicate of underwriters co-led by Canaccord Genuity Corp. and Dundee Securities Corporation, and including Laurentian Bank Securities Inc. (collectively, the "Underwriters").

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 510,000 additional common shares of Amaya 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 has paid the Underwriters an aggregate underwriting commission of CAD$612,000 and has granted the Underwriters compensation options (the "Compensation Options") to purchase an aggregate number of 204,000 Common Shares, representing 6% of the total number of Common Shares sold pursuant to the Offering, at a price of CAD$3.00 per Common Share.

Amaya intends to use the net proceeds of the Offering primarily to fund the SMS Lottery projects in the Republic of Kenya and the Republic of Uganda. If the Over-Allotment Option is exercised, the Company intends to use the available net proceeds resulting from the Over-Allotment Option to make additional investments in its marketing and advertising campaign and by increasing or funding additional prize pools.

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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