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Amaya to raise CAD$34m from Diamond Game spin-off

5th May 2015 6:32 am GMT

Amaya has said that it expects to raise approximately CAD$34m through the sale of a 60 per cent stake in its lottery and gaming business Diamond Game Enterprises, through the initial public offering of Innova Gaming Group.

Innova Gaming Group’s IPO is expected to raise gross proceeds of $49m, with Amaya’s $34m stake excluding the exercise of the underwriters’ overallotment option.

The newly formed company has filed its prospectus with Canadian securities regulators and is to be [...]

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