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Amaya sells consumer-facing gaming business for $70m

21st October 2013 1:32 pm GMT

Shares in Canada's Amaya Gaming Group were trading up more than 4 per cent in Toronto Monday on news that the company intends to sell its consumer-facing Maltese subsidiary WagerLogic for a cash consideration of CAD$70m.

WagerLogic operates a number of consumer gaming sites including InterPoker, InterCasino and VIPCasino under a Maltese gaming licence, and also owns two wholly-owned subsidiaries, CryptoLogic Operations Limited (Malta) and WagerLogic Alderney Limited.The business is to be [...]

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