Amaya Gaming – the online gaming giant that is gaining more and more popularity due to the proactive approach of the managers and the attractive products and services it offers, has announced that it is currently considering selling its Cadillac Jack shares.
Amaya Gaming has recently took the reigns of PokerStars and Full Tilt online platforms and it seems like the efforts, made towards making them successful and appealing to the players were not fruitless. The deal was closed exactly on time as some US states just started the online gambling legislation procedures. Amaya’s authorities were not wasting their time and hurried up to take a full advantage of the situation. They have already focused on popularizing PokerStars and Full Tilt on the profitable markets and withdrew their services from the unprofitable ones.
Last Monday, however, the authorities of the Canadian company announced the upcoming sale of the Amaya’s affiliate that manufactures slot machines and bingo games for land-based casinos.
Amaya’s experts commented that they will review the advantages and disadvantages they might eventually face up to and their top priority will be the further development of Cadillac Jack and as well as boosting the value of the shares Amaya owns.
The situation in the gaming machines manufacturing sector is not too optimistic but Amaya’s experts think that it’s the most appropriate time for reviewing and figuring out what the alternatives for Cadillac Jack might be. That’s the information, revealed by the CEO David Baazov.
It is a well known fact that the online gambling industry is growing with tremendous speed, which, respectively, makes the slot machine manufacturers cast doubt on the survival of their business.
A few months ago, Scientific Games bought Bally Technologies Inc; International Game Technology was obtained by the Italian-based gaming provider Gtech SpA. The aim of the authorities was to strengthen and popularizе their presence on the regulated US gambling market.
2012 was the year when Amaya became the owner of Cadillac Jack. At that time, the company was a relatively small manufacturer of gaming machines but once it became a property of Amaya, the business grew rapidly and some of the most popular games, available on slot machines, became also accessible on various online gambling platforms. Needless to say, the acquisition of Cadillac Jack was just one of the incredible deals, Amaya’s experts have completed.
The library of Cadillac Jack includes more than 150 games and a base of a great number of gaming machines, which bring huge revenues to the company due to the fact that a participation agreement was signed between the Cadillac Jack authorities and casino owners.
Amaya’s authorities announced that their assistants in the reviewing process will be Deutsche Bank and Macquarie Capital.
Apart from the income, generated through the online gambling platforms, the lottery and the sale of casino machines are the other ventures of Amaya that contribute to the great revenues.
