Amaya granted an extension to buy CryptoLogic
Montreal-based Amaya revealed in mid-December that it had agreed a deal in principle to acquire all of the outstanding share capital of CryptoLogic but the original deadline for the completion of the deal as set by the City Code on Takeovers and Mergers expired last week.
The last year has seen Amaya slowly acquire a seven percent stake in CryptoLogic with the proposed takeover deal valuing shares in the Dublin-based firm at us$ 2.50 each, which represents a premium of 52 % over the closing price on December 14 of us$ 1.64.
To help fund the possible purchase, Amaya earlier entered into an agreement to sell 20,000 special warrants worth us$ 19.25 million to Canaccord Genuity Corporation while additionally granting the investment banking firm a 3,000 over-allotment option.
“This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers and there can be no certainty that an offer will be made,” read a statement from Amaya. “Further announcements will be made as appropriate.”
Wynn Resorts profit rises in Q1 as Macau, Las Vegas drive quarter revenue growth
IGT’s Powerbucks surpasses CAD$100 million in jackpot payouts in Canada
Wynn Resorts profit rises in Q1 as Macau, Las Vegas drive quarter revenue growth
DraftKings beats Q1 estimates, touts Super App growth in prediction markets
Century Casinos cuts Q1 loss as revenue climbs to $137.2 million
Algotech strengthens its trading technology ecosystem through collaboration with 55Tech
OpticOdds launches as first odds data API available via MCP for Claude Desktop
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Flows secures Pennsylvania Gaming Control Board authorisation
PAGCOR endorses SiGMA Asia Summit 2026 in Manila
Forbes Italia, SiGMA announce Top 50 initiative for Italy’s regulated gaming sector
