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Amaya to raise $100m to fund expansion strategy

30th May 2012 6:32 am GMT

Trading in shares of Amaya Gaming Group were temporarily suspended late Tuesday ahead of the announcement of a CAD$100m private placement by the company.

The company said the net proceeds from the placement would be used to assist in the implementation of Amaya's growth strategy and the expansion of its international activities.

“The gaming and related technology industries are experiencing a renaissance, driven by technology innovation as well as ongoing and expected positive changes in the regulatory [...]

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