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Amaya Gaming Group to acquire Chartwell Technology

12th May 2011 12:40 pm GMT

In a surprise move, Canada’s Amaya Gaming Group, which has been buying up shares in CryptoLogic in recent weeks and now owns more than 7 per cent of the company, has entered into an agreement with CryptoLogic rival Chartwell Technology Inc. to combine their businesses.

Amaya said that the proposed transaction will allow the two companies to leverage their complementary product offerings, technology and people to better compete in both the online and land-based gaming industries.

Chartwell [...]

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