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Amaya signs first European deal

Canadian server and network-based gaming specialist has finalised a five-year licensing agreement with the operator of the national lottery for Montenegro.

Monday 30th May 2011

Canadian server and network-based gaming specialist Amaya Gaming Group Incorporated has agreed a five-year licensing deal with the operator of the national lottery for Montenegro, Lutrija Crne Gore AD Podgorica. The agreement represents the Montreal-based firm’s first such deal with an operator of a national lottery in Europe and will see it provide online gaming technologies and operational support to Lutrija Crne Gore including traditional and SMS lotteries. “This first agreement in a European country follows our endeavours in other parts of the world, namely with the Dominican Republic and, more recently, Kenya,” said David Baazov, President and Chief Executive Officer for Amaya. “The growing interest demonstrated towards Amaya's turnkey solutions for regulated gaming activities clearly demonstrates the value of our business model. We look forward to collaborating with Lutrija Crne Gore in the management and operation of the national lottery in Montenegro.” Lutrija Crne Gore has been in existence for over 50 years and is the exclusive operator of all forms of lottery for the former Yugoslavian state with Amaya also set to run online gaming in exchange for a percentage of the profits. “We are looking forward to integrating Amaya's turnkey solutions into our lottery and online gaming service offering in addition to the benefits provided by its managerial expertise gained elsewhere,” said Sava Grbovic, Chief Executive Officer for Lutrija Crne Gore. “Amaya has rapidly built a solid international reputation and was able to clearly demonstrate its value. It has laid out a business plan that generates the most significant incremental value for the lottery and also maintains the highest levels of integrity and responsibility in all operational processes.”

Source: OnlineCasinoNews

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