Amaya Gaming Group Acquires Cadillac Jack

Amaya Gaming Group Inc. (“Amaya”) (TSXV: AYA), an entertainment solutions provider for the regulated gaming industry, completed the purchase of Cadillac Jack Inc. (“Cadillac Jack”) on November 5, 2012. Amaya will pay approximately US$177.0 million to acquire 100 per cent of the equity of Cadillac Jack, to retire its debt, pay for transaction costs and fund working capital. Amaya will finance the transaction through a combination of cash on hand and a US$110.0 million non-convertible senior secured term loan, which will be secured by Cadillac Jack's assets.

Headquartered in Montreal, Amaya is an expansive global organization, present in North America, Latin America, Europe and Asia. Amaya is an innovator in the gaming world. It provides a host of services and solutions that range from: online and mobile casino games and platforms, traditional and mobile lotteries, hospitality in-room entertainment systems, management systems, content suites, advisory and management services and integrity monitoring and auditing systems for the regulated gaming markets.

Cadillac Jack is a leading supplier of products and technologies for the global gaming market with gaming machine placements in more than 200 venues in the United States and Mexico. Cadillac Jack focuses on serving small to medium-sized casinos and bingo halls. Cadillac Jack's gaming machines consist of server-based and stand-alone video reels, multilevel and wide-area progressive products, video lottery terminals, and slot management systems, supported by a library of more than 100 proprietary titles.

Heenan Blaikie LLP served as Canadian counsel to Amaya in connection with the acquisition, with a team led by Eric Levy, comprising Philipp Park, Laurie McQueen, Aren Prupas and Georgia Koutrikas (corporate); Manon Thivierge and Mathieu Gendron (tax) and Joel Cabelli and Marie-Josée Couture (financing). Greenberg Traurig, P.A., served as US and Mexico counsel to Amaya, with a team led by Marlon Goldstein (corporate) and comprising Lorne Cantor, Drew Altman, Evan Kanter, David Gruberg and Antonio Peña (corporate); Charles “Skip” Stiver (tax); Mindy Leathe and Michael Einig (employee benefits); Cindy Davis (finance); Martha Sabol and Edward Winkofsky (gaming regulatory); David Dykeman and Bethany Stokes (IP); Daniel Saltzberg Koris (commercial transactions) and Mary Marks and Andrew Berg (antitrust).

McCarthy Tétrault LLP acted as securities counsel to Amaya with a team led by Philippe Leclerc, and including Charles-Antoine Soulière and Myreille Gilbert.

Wilmer Cutler Pickering Hale and Dorr LLP acted as advisors to Cadillac Jack and its principal shareholder in connection with the acquisition.