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Amaya announces spin off of Diamond Game through IPO

27th March 2015 9:08 am GMT

PokerStars parent Amaya Inc. has announced plans to spin off its Diamond Game Enterprises subsidiary through an initial public offering (IPO), as part of its strategy of divesting its non-online gaming assets.

The offering will be made through a newly formed company, Innova Gaming Group, which will hold all shares in the lottery games and systems developer.

The IPO is comprised of treasury shares held by Innova, and a secondary offering of common shares of Innova held [...]

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