Science & Technology
Mon, March 7, 2011Sun, March 6, 2011Sat, March 5, 2011Fri, March 4, 2011Thu, March 3, 2011Wed, March 2, 2011Tue, March 1, 2011Mon, February 28, 2011Sun, February 27, 2011Sat, February 26, 2011Fri, February 25, 2011Thu, February 24, 2011Wed, February 23, 2011Amaya selected to launch online gaming in Kenya
Published in Science and Technology on Tuesday, March 1st 2011 at 4:11 GMT by Market Wire
MONTREAL, March 1 /CNW Telbec/ - Amaya Gaming Group Inc. (TSXV: AYA), an entertainment solutions provider for the gaming industry announced today that it has been selected by the Betting Control and Licensing Board of Kenya to operate online gaming. This selection has been granted on an exclusive basis to evaluate the merits, potential, and prevalence of online gaming, as well as to ensure that those who are under-aged cannot have access to online gaming in the Republic of Kenya.
Kenya is a major African nation with a population of nearly 39 million residents. The global online gaming market is estimated to have reached a value in excess of $29 billion in 2010 and is forecasted to grow by another 14% in 2011, according to an industry report by Global Betting and Gaming Consultants. The online gaming site is expected to be launched in Q2 2011.
"We are proud to have been chosen by the Betting Control and Licensing Board of Kenya as their exclusive partner of choice to set up a case study for online gaming evaluation. As more and more countries start regulating online gaming, we believe our recognized gaming solutions and expertise will play a key role in ensuring the integrity of their gaming network environment. Our real-time technological reporting capabilities ensure both the authenticity and accuracy of all the data collected," mentioned Mr. David Baazov, President and Chief Executive Officer of Amaya.
Commenting on the online gaming test case study, the Honorable Lucas Maitha, Chairman of the Betting Control and Licensing Board of Kenya stated "many online gaming sites were operating in our country without our knowledge and approval. As such, we believe that the valuable insights we will certainly gain from the online gaming test case study conducted by Amaya will provide us with the ability to fully evaluate online gaming and therefore properly formulate appropriate rules and regulations."
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 ]
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."
