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AMAYA TO OPERATE NEW NATIONAL LOTTERY IN ARMENIA
Gaming Intelligence Group
Nov 15 2011
Canada's Amaya Gaming Group has signed an exclusive ten-year agreement
with the Republic of Armenia to implement a new national lottery
which will be deployed through traditional sales channels as well as
via Short Message Service (SMS).
Under the agreement, Amaya will implement a national lottery and
provide central reporting and integrity services.
The company will install and deploy the Amaya Central Reporting
Module (Amaya CRM) on all electronic gaming devices operating in the
Republic of Armenia for the next ten years. The Amaya CRM provides the
government with real-time reporting tools to capture and monitor gaming
transactions, improve tax efficiency and promote gaming integrity.
Amaya said that the agreement represents a significant milestone as it
includes the company's first mandate to install its Amaya CRM system.
"We are very pleased to begin a mutually beneficial long-term
relationship with the Government of Armenia," said David Baazov,
president and CEO of Amaya Gaming Group. "Our lottery and integrity
solutions are providing us with a platform to expand our technology
footprint and grow our relationships with customers in new
jurisdictions."
The agreement follows a collaboration first announced late last month
by Armenian finance minister Vache Gabrielian between the Armenian
Government and Amaya to create Amaya Armenia, a joint company on
a parity basis with the income from the lottery being distributed
equally between the principals.
Gabrielian said at the time that he expects the partnership to secure
several billion drams annually in additional revenue, with AMD2 billion
([email protected]) expected in 2012, and AMD7 billion ([email protected]) in 2013.
The minister also announced that the Government will collaborate
with Amaya on the establishment of a centralized system of control
and accounting to prevent fraud, money laundering and other forms of
economic crime.
Shares in Amaya Gaming Group Inc (Co. Profile) (TSX:AYA) will commence
trading at CAD$2.14 per share in Toronto later today.
http://www.gamingintelligence.com/business/13912-amaya-to-operate-new-national-lottery-in-armenia
Gaming Intelligence Group
Nov 15 2011
Canada's Amaya Gaming Group has signed an exclusive ten-year agreement
with the Republic of Armenia to implement a new national lottery
which will be deployed through traditional sales channels as well as
via Short Message Service (SMS).
Under the agreement, Amaya will implement a national lottery and
provide central reporting and integrity services.
The company will install and deploy the Amaya Central Reporting
Module (Amaya CRM) on all electronic gaming devices operating in the
Republic of Armenia for the next ten years. The Amaya CRM provides the
government with real-time reporting tools to capture and monitor gaming
transactions, improve tax efficiency and promote gaming integrity.
Amaya said that the agreement represents a significant milestone as it
includes the company's first mandate to install its Amaya CRM system.
"We are very pleased to begin a mutually beneficial long-term
relationship with the Government of Armenia," said David Baazov,
president and CEO of Amaya Gaming Group. "Our lottery and integrity
solutions are providing us with a platform to expand our technology
footprint and grow our relationships with customers in new
jurisdictions."
The agreement follows a collaboration first announced late last month
by Armenian finance minister Vache Gabrielian between the Armenian
Government and Amaya to create Amaya Armenia, a joint company on
a parity basis with the income from the lottery being distributed
equally between the principals.
Gabrielian said at the time that he expects the partnership to secure
several billion drams annually in additional revenue, with AMD2 billion
([email protected]) expected in 2012, and AMD7 billion ([email protected]) in 2013.
The minister also announced that the Government will collaborate
with Amaya on the establishment of a centralized system of control
and accounting to prevent fraud, money laundering and other forms of
economic crime.
Shares in Amaya Gaming Group Inc (Co. Profile) (TSX:AYA) will commence
trading at CAD$2.14 per share in Toronto later today.
http://www.gamingintelligence.com/business/13912-amaya-to-operate-new-national-lottery-in-armenia