Amaya to redeem its outstanding convertible debentures - Amaya to initiate a normal course issuer bid for its common shares

Amaya to redeem its outstanding convertible debentures - Amaya to initiate a 
normal course issuer bid for its common shares 
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE 
UNITED STATES 
MONTREAL, Jan. 8, 2013 /CNW Telbec/ - Amaya Gaming Group Inc. ("Amaya" or the 
"Company") (TSX Venture: AYA) announced today that its board of directors, 
after having assessed the alternatives with respect to retiring Amaya's 
outstanding 10.5% convertible unsecured subordinated debentures due April30, 
2014 (the"Convertible Debentures"), has authorized Amaya to issue a 
redemption notice to all holders of listed Convertible Debentures (Symbol: 
AYA.DB) announcing that it will redeem for cash all of its Convertible 
Debentures on February 7, 2013 (the"Redemption Date"), in accordance with 
the redemption rights attached to the Convertible Debentures. 
In accordance with the debenture indenture dated as of January 17, 2012 (the 
"Indenture") between the Company and Computershare Trust Company of Canada 
governing the Convertible Debentures, the redemption price for each $1,000 
principal amount of Convertible Debentures will be $1,028.48 (the"Total 
Redemption Price"), being an amount equal to the aggregate of $1,000 plus 
accrued and unpaid interest as of the Redemption Date, but excluding the 
Redemption Date, less applicable withholding taxes, if any. 
The Total Redemption Price will be payable upon presentation for surrender of 
Convertible Debentures by registered holders on or after the Redemption Date 
at the corporate trust office of Computershare Trust Company of Canada, 1500 
University Street, 7(th) Floor, Montréal, Québec, H3A 3S8. CDS Clearing 
Depository Services Inc. will present for surrender the global certificate to 
Computershare Trust Company of Canada representing the Convertible Debentures 
held by the non-registered holders of Convertible Debentures. All Convertible 
Debentures redeemed will be cancelled and the Convertible Debentures will be 
delisted from the TSX Venture Exchange. 
The aggregate redemption amount for the Convertible Debentures will be paid 
for with cash from Amaya's working capital. 
As at January 7, 2013, and before the processing of $7,432,000 of Convertible 
Debentures tendered for conversion, there were an aggregate principal amount 
of $23,586,000 of Convertible Debentures outstanding. 
Holders of Convertible Debentures may, until the close of business on the last 
business day immediately preceding the Redemption Date, convert their 
Convertible Debentures into common shares of Amaya (the"Common Shares") in 
accordance with the terms of the Convertible Debentures, namely approximately 
308 Common Shares will be issued for each $1,000 principal amount of 
Convertible Debentures converted representing a conversion price equal to 
$3.25 per Common Share. 
Subject to regulatory approval, Amaya also intends to proceed with a normal 
course issuer bid ("NCIB") of part of its issued and outstanding Common 
Shares. Amaya intends to purchase for cancellation up to 5,650,000 Common 
Shares, representing, to the knowledge of Amaya, less than 10% of the listed 
Common Shares held by shareholders that are not insiders, promoters or 
associates or affiliates of an insider of Amaya. As at January 7, 2013, Amaya 
had 79,676,950 Common Shares issued and outstanding and as at January 8, 2013 
Amaya will have 81,963,719 Common Shares issued and outstanding including 
2,286,769 Common Shares to be issued upon the conversion of the $7,432,000 
Convertible Debentures tendered but not yet processed. Purchases pursuant to 
the NCIB will be made from time to time by Canaccord Genuity Corp. on behalf 
of the Company through the facilities of the TSX Venture Exchange at market 
prices. Common Shares purchased will be paid for with cash from Amaya's 
working capital. All Common Shares purchased pursuant to the NCIB will be 
cancelled. 
Amaya wishes to reduce the number of Common Shares issued and outstanding, 
including those Common Shares that may be issued further to the conversion of 
the Convertible Debentures, in order to enhance shareholder value. 
Amaya has not purchased any of its outstanding Common Shares within the 
previous 12 months. Purchases in any given month are restricted to a maximum 
of 2% of the total number of outstanding Common Shares. There is no minimum 
number of Common Shares that must be purchased by the Company under the NCIB. 
This press release shall not constitute an offer to sell or the solicitation 
of an offer to buy securities in the United States, or for the account or 
benefit of U.S. persons (as such term is defined in Regulation S under the 
United States Securities Act of 1933, as amended). 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
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 gaming casino games 
and platforms, traditional and mobile lotteries, networked electronic gaming 
systems, hospitality in-room entertainment systems, management systems, 
content suites, advisory and management services, and integrity monitoring and 
auditing systems for the regulated gaming markets. 
Disclaimer in regards to Forward-looking Statements 
Certain statements included herein, including those that express management's 
expectations or estimates of our future performance constitute 
"forward-looking statements" within the meaning of applicable securities laws. 
Forward-looking statements are necessarily based upon a number of estimates 
and assumptions that, while considered reasonable by management at this time, 
are inherently subject to significant business, economic and competitive 
uncertainties and contingencies. Investors are cautioned not to put undue 
reliance on forward looking statements. Except as required by law, Amaya does 
not intend, and undertakes no obligation, to update any forward-looking 
statements to reflect, in particular, new information or future events. 
For more information please visitwww.amayagaming.com orwww.amayaonline.com. 
Mr. David Baazov President and Chief Executive Officer Amaya Gaming  Group 
Inc. North America: 1-866-744-3122 Worldwide: +1-514-744-3122 
SOURCE: AMAYA GAMING GROUP INC. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/08/c4438.html 
CO: AMAYA GAMING GROUP INC.
ST: Quebec
NI: CNO 2523  
-0- Jan/08/2013 12:30 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.