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Amaya's Ongame to Power Poker for Mohegan Sun, First East coast poker solution announced

MONTREAL, Canada – November 27, 2012 – Amaya Gaming Group Inc. (“Amaya”) (TSXV: AYA) announced today that Mohegan Sun has chosen Amaya’s subsidiary Ongame Network Ltd. (“Ongame”) to power its online poker offering. Mohegan Sun will enter the online gambling market in early 2013 by launching play money poker at www.mohegansun.com for PCs, Macs, smart phones and tablets.

 

“We have been looking for the best possible fit for a poker partner for over 6 months,” said Mitchell Etess, Chief Executive Officer of the Mohegan Tribal Gaming Authority. “Mohegan Sun needs a provider who has outstanding regulatory experience and flexibility to offer intra-state play-for-free poker at first, and the technology to enable real money online poker when it is legalized. We are proud to announce that this partner is Ongame.”

 

The action by The Mohegan Tribe marks the first move by an East Coast casino operation into the world of online gaming and poker. This will enable Mohegan Sun to be at the head of the line when legalized real money poker is available to American customers.

 

“It is exciting to be part of the move online for one of the most dynamic and expansive casino operators in the United States”, said Peter Bertilsson, Managing Director of Ongame. “Mohegan Sun is the second largest casino site in the United States and it will be very exciting to be a partner in their online gaming operations as this becomes an important part of their future business strategy.”

 

About Amaya

Founded in 2004, Amaya Gaming Group Inc. is a technology based gaming provider for the regulated gaming industry. An expansive global organization, present in North America, Latin America, Europe, and Asia, Amaya is an innovator in the gaming world.

 

Headquartered in Montreal, Canada, Amaya 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.  For more information please visit www.amayagaming.com or www.amayaonline.com.

 

About Ongame

Ongame is one of the world’s largest B2B poker providers. The global network includes more than 25 of the e-gaming industry’s strongest brands and operators, and has up to 45,000 concurrent players at peak hours. Ongame also operates on regulated markets like France, Italy, Denmark, Belgium and Spain. The company offers both operators and their players a wide variety of cash games and tournaments to choose from, every hour of every day. Ongame Network Ltd is headquartered in Gibraltar and part of the of Amaya Gaming Group Inc. Further information about Ongame can be found at www.ongame.com.

 

About Mohegan Sun

Mohegan Sun, owned by the Mohegan Tribal Gaming Authority, is one of the largest, most distinctive and spectacular entertainment, gaming, shopping and dining destinations in the United States. Situated on 185 acres along the Thames River in scenic southeastern Connecticut, Mohegan Sun is within easy access of New York, Boston, Hartford and Providence and located 15 minutes from the museums, antique shops and waterfront of Mystic Country. More information is available at mohegansun.com. Connect with us on facebook.com/mohegansun, follow us on twitter.com/mohegansun, find us on pinterest.com/mohegansun and view us on youtube.com/mohegansunvideos.

 

Other sources:

http://www.newswire.ca/en/story/1078479/amaya-s-ongame-network-to-power-poker-for-mohegan-sun ;

http://www.gioconews.it/esteri/amaya-ongame-network-muove-i-primi-passi-nel-poker-online-usa-31042.html ;

http://www.gioconews.it/english-pages/amaya-s-ongame-network-to-power-poker-for-mohegan-sun-first-east-coast-poker-solution-announced-31044.html ;

http://www.lelezard.com/communique-1601872.html ;

http://www.gamingintelligence.com/business/18483-amayas-ongame-signs-mohegan-sun-online-poker-deal ;

http://www.egrmagazine.com/news/mohegan_sun_chooses_ongame_for_online_poker ;

http://www.gambling911.com/poker/mohegan-sun-poker-use-ongame-software-platform-112712.html ;

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Galaxy first-half profit surges on new resort, Yogonet

Galaxy first-half profit surges on new resort, Yogonet | Poker & eGaming News | Scoop.it

Galaxy Entertainment Group’s first-half profit climbed nine fold after the Macau casino operator drew more Chinese visitors to a gambling resort it set up last year. Net income for the six months ended June rose to us$ 445 million from us$ 48.7 million a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, surged to us$ 605.8 million from us$ 232 million for the six months.

 

The company opened the Galaxy Macau resort on the city’s Cotai strip in May last year. It plans to invest us$ 2 billion to almost double the size of that gambling center in the Chinese city to compete with rivals including Sands China, Wynn Macau and Melco Crown Entertainment First-half revenue doubled to us$ 3.64 billion.

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Macau’s record growth is slowing down, Michael Robinson Innovate Gaming

Macau’s record growth is slowing down, Michael Robinson Innovate Gaming | Poker & eGaming News | Scoop.it

Gaming is still expected to expand in Macau, but analysts believe these first signs of slowing growth rates will see operators face a tougher challenge in the decade ahead. This year’s revenue growth has so far been running at just over half the 2011 rate, before the abrupt slowdown in May.

 

According to recent Gaming Inspection and Coordination Bureau figures, year-on-year growth rates have steadily declined in 2012. Gross revenues dropped from 34.8 percent in January, 28.3 percent in February, 27 percent in March, 25.7 percent in April to 7.3 percent in May, which represents revenues of us$3.3 billion last month.

 

Other sources:

http://www.yogonet.com/english/2012/06/13/macau-june-revenue-may-grow-15 ;

http://news.investors.com/article/614514/201206120802/china-mixed-numbers-seen-benefiting-vegas-casinos.htm

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Galaxy's H1 net profit jumps ninefold, Gambling911

Galaxy's H1 net profit jumps ninefold, Gambling911 | Poker & eGaming News | Scoop.it

Macau casino operator Galaxy Entertainment, posted a ninefold increase in first-half net profit, beating expectations as its new casino cashed in on a steady flow of Chinese visitors keen to try their luck in the world's largest gambling destination.

 

The $12 billion company controlled by Hong Kong property tycoon Lui Che Woo and 13 percent owned by European private equity firm Permira, reported net profit of HK$3.5 billion ($445 million) for the first six months of the year, up from HK$378.3 million in the same period a year ago.

It was the first full 12 months of earnings for the company's new casino which opened in April last year.

 

Galaxy's shares have risen almost 53 percent in the year to date, outperforming the benchmark Hang Seng Index which has climbed 7 percent in the same period.

 

Other sources:

http://www.g3newswire.com/china-galaxy-entertainment-doubles-first-half-revenue/

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