Amaya Gaming confirms finalisation of offering

Amaya Gaming, has announced the completion the underwritten bought-deal private-placement basis of 25 million subscription receipt priced at CAN$20 (€13.77/$18.73) each.

The Canadian gaming provider confirmed that the underwriters of the offering exercised in full the option to purchase an additional 7,000,000 subscription receipts, with the total gross proceeds to Amaya from the offering amounting to CAN$640 million.

The proceeds are currently being held in escrow and will be released without any additional payment upon Amaya’s acquisition of Rational Group, subsidiaries of which are the online poker websites PokerStars and Full Tilt Poker. The proceeds shall also be used for partial funding of the acquisition.

The agreement states that if the subscription receipt is not finalised within six months from the end date of the initial offering, the said receipts shall be cancelled automatically, unless Amaya and the holders of the receipt agree to an extension. Should such a termination occur, the amount subscribed plus its accrued interest shall be reimbursed to the holders of the receipts.

Subject to the terms of the receipt agreement, the subscription receipts are transferable, but these shall not be listed on any exchange.

Amaya is however stating that, should the transaction not be finalised within four months from the closure of the offering, it will put forward its best efforts to find a stock exchange listing for the subscription receipts.

The Canadian gaming provider, Amaya Gaming has a branch of its operations currently running in Msida, Malta.

Betsson’s acquisition of NordicBet – an update

Since the official acquisition of NordicBet by igaming giant Betsson in October 2012, NordicBet has been making strategic moves into the spotlight.

Back in December 2013, live dealer specialist Evolution Gaming announced that it had launched a live casino offering for  NordicBet. The agreement came after NordicBet had just confirmed making Evolution Gaming its primary live casino services provider. With NordicBet came its affiliate brands, TrioBet and Maxino, so the offer came as a natural consequence, said NordicBet representative.

The new service for the website included Evolution’s generic live roulette, blackjack and baccarat tables. NordicBet also gained access to Evolution’s turnkey native speaker dealer tables, inclusive of Svensk Roulette, Deutsches Roulette and Ruletka Live, as well as the exclusive private Norske Roulette services, just to mention a few.

NordicBet’s casino manager, Simon Högberg had commented at that time: “Above all it was the sheer quality, volume and variety of the live tables and associated services available that made Evolution the right choice for us. This now gives us the platform from which to deliver a truly world-class live table gaming experience to players in all of our markets.”

Just a couple of days ago, a deal was struck between NordicBet as to become an official partner of the Champions Hockey League (CHL) European club ice hockey competition.

The deal in place states that the partnership will run for a period of  three years, debuting in the 2014-15 season and ending in the 2016-17 campaign.

Under the agreement, NordicBet will become the CHL’s official sports betting partner. The igaming company will be entitled to  exclusivity in the sports betting category,  and will also present a statistic selection of the CHL on its website.

The NordicBet branding will also be present on perimeter boards during all CHL games and benefit from full integration across official CHL communications and other promotional materials, which will include the CHL streaming platform and website.

The 2014 – 2015 season of Champions Hockey League will commence on the 21st August 2014.

Ulrik Bengtsson, CEO of Betsson Malta, will be speaking at SiGMA, the Malta iGaming Summit.NordicBet

Joakim Stockman

Joakim Stockman is the Group CEO of Malta based iGaming operator Betit Group which was established in early 2013. Betit Group operates the brands and and are rumoured to have a third site in the pipeline. Joakim left the Betsson Group, where he was in charge of Betsafe, in April 2013 and joined Betit Group as the first employee and has since seen the company grow rapidly to 60 employees and revenues above 50 k EUR per day.

Betit Group’s rapid expansion quickly became the talk of the industry and not long ago iGaming giant GVC secured 15 % of the shares in the company through a 3.5 m EUR investment with an option to acquire the remaining shares at a minimum of 70 m EUR. Whether the Betit Group will go from “Zero to Hero” is perhaps not yet a certainty, but they are certainly one of the companies who are currently taking a very good crack at it.

Eric Benz

Eric Benz, Managing Director at Cryptopay, has been involved in the ‘payments technology sector’ for the best part of a decade and has delivered retail payment solutions for the world’s largest merchant brands transforming the way in which they sell and ship to their worldwide customers. Eric continues to lead innovative Pay-Tech solutions for the rapidly emerging digital currency and mobile wallet markets. His specialties lye in providing and integrating a wide range of merchant services in combination with accelerating brand and product development. Being at the forefront of mobile and alternative payments, Eric Benz prides himself for being constantly informed and engaged with merchants and payment service providers alike.

Eric’s expertise is vast in the European and emerging markets and has worked in many different places immersing himself with localized payment solutions for the under banked consumers who are living in low card penetration demographics. Whilst working in Russia, Eric was instrumental in establishing and scaling combined online/offline retail whilst pushing for rapid adoption of mobile app ecosystems.

Eric Benz received his Associate Arts Degree from Marymount College in Los Angeles and went on to receive his B.A. degree in International Business Management from the British American College in London (BACL).

Relive the highlights from our last show and stay tuned for this year’s SiGMA. Watch out for what we’re branding as the ‘iGaming Village’ this year.

Are you an operator looking for top affiliates? Are you a top affiliate looking for a nice treat with like-minded affiliates playing at the same level?

Monroe Schmidt

Monroe Schmidt is one of the directors of Amaya. The company recently hit world headlines for its majoy acquisition, Poker Stars. Mr. Schmidt has worked in an anti-fraud capacity within the online gaming industry since early 2007 and his experiences and training gained have equipped him with all the necessary tools and insights to battle crime cyber-crime.

As Amaya director and head of the company’s Fraud Department, Mr. Schmidt covers the following responsibilities

  • Review all processes, operations and procedures adopted by, or delegated by, the relevant subsidiaries for the purposes of ensuring that these comply with the conditions of the license, as well any other applicable rules and regulations;
  • Monitor all transactions conducted by the relevant subsidiaries and monitor all systems used to manage the compliance of the business;
  • Ensure that the Relevant Subsidiaries comply with all laws and regulations applicable in the countries and jurisdictions where any of the Relevant Subsidiaries holds a gaming license in or operates;
  • Monitor the complaints log maintained by the Relevant Subsidiaries to determine if customer complaints are being dealt with in a timely and effective manner;
  • Monitor key internal operational and support processes within the control system so as to ascertain the levels of compliance of the Company and the Relevant Subsidiaries;
  • Submit Gaming taxes to the Lotteries and Gaming Authority of Malta;
  • Compile and submit monthly figures reporting to the Gaming Authority of Malta;
  • Ensure all incident reports are reported to the Lottery and gaming authority;
  • Ensure to grant appropriate approval to third parties who require access to servers;
  • Ensure system and processes are compliant based on Lottery and gaming standards;
  • Inform common Board of Directors with any impending problems connected with or involving the Subsidiaries’ actions relating to especially but not limited to corporate, regulatory and business matters, any threatened or actual disputes, litigation, investigations, penalties, as well as administrative or official notices or communications from government agencies, departments, authorities or otherwise relating to or involving the Subsidiaries and provide the Company and the respective Subsidiaries with all details relating thereto.

Mr. Schmidt is ideally placed to discuss such an interesting and important sector of online commerce. During his keynote speech amongst a panel of speakers,  one is exposed to the challenge analysts traditionally face in identifying fraud. Within the course it is emphasized the common schemes, detection techniques and methods of preventing occupational fraud, Mr. Schmidt will touch upon the following topics:

  • The criminal mind
  • How stolen data is acquired
  • Fraud & the gaming industry
  • Common fraud practice within the gaming industry
  • Social network investigations
  • Money laundering & the black market
  • Identifying the fraudsters pattern
  • Defending the gaming industry from fraudsters
  • Real Investigations



Yancy Naughton

Yancy Naughton has been in multi-channel advertising for over 20 years, dating back to his founding of NSRS of PA, a software and print based school reporting service founded in 1992. He also was the founder and editor of Golfer Magazines and Services, a golf advertising and travel firm anchored by two print publications, The Scottsdale/ Phoenix Area Golfer and The Southwest Golfer.

In 2003 he founded Definite Article Publications and worked as a consultant, restructuring the sales strategies of established companies such as The Real Estate Book, Moose International and DFS. In 2009, he expanded Definite Article Publications to Europe with the opening of a location in Prague, Czech Republic. Subsequently he participated in the successful launches of two Direct Navigation traffic platforms, Elephant Traffic and ZeroPark.

It was during these tenures that he saw the viability of applying the bidding model to multiple channels of traffic as a vehicle for optimization, and was inspired to launch and as true Multi Channel Traffic Platforms.

Mark Brooks

Mark Brooks operates a boutique consultancy that exclusively serves internet dating and social networking companies. He has served and advised PlentyofFish (7 years), Meetme, Dating Factory, Global Personals (9 years) and numerous high performance dating sites, and has worked in the online community space since 1998.

When Mark earned his B.S. Engineering Management from the University of Hertfordshire (near London), online dating was just beginning to take shape on the message boards and forums of the internet. He originally ventured to the U.S.A. to help start a community aerial photography company in Pennsylvania in 1991.

After graduating in 1994, he sold non-contact laser-based metrology and particle measuring systems to the likes of HP, Intel and Seagate.

By 1998, Mark saw the potential that the internet held for helping people connect and moved to California and started an adventure and social events club serving Silicon Valley that grew to 3600 members, and then help start eturn (now Remoba), an early competitor to Plaxo. In 1999 Mark helped develop an early personality profiling dating site called Hypermatch which was sold to EZBoard.

In 2003 he worked with Jonathan Abrams at Friendster to seed the Friendster community through media relations, promoters and events. He then joined FriendFinder to assist Dr Conru and Dr Zhang with media relations and business development. He left FriendFinder with Dr Zhang to help design and build the personality profiling based diet site,, and then worked as VP for to overhaul the site design and acquire a speed-dating company and expand it into 70 U.S. cities.

June 2004 marked the first post on ‘OPW’ has become the #1 online resource for the business of online dating and matchmaking. followed in August 2006.

Mark’s expertise in the industry has made him a regular keynote speaker at conferences around the world and a highly sought after consultant to internet dating and social networking companies.

He also guest writes for TechCrunch. Mark is currently the President of the Internet Dating Executive Alliance.


Simon Hammon

Simon Hammon has been with NetEnt for almost 4 years and posses a wealth of industry experience. Having held various roles in both B2B and B2C, Simon has detailed knowledge of the gaming cycle. As Chief Product Officer, Simon is responsible for strategic roadmap planning, multiple product-line responsibility, including mobile and platform, regulated markets and games. Simon holds an LLB in Law from the University of Durham.


Lynsey Schembri

Lynsey Schembri, a graduate in Mathematics, Statistics and Operations Research is a Senior Statistician and heads the Statistics Department at Risk Management Services (Malta) Limited and PKF Malta. These companies have been serving the local and foreign marketswith statistical reporting, audit and tax advisory for the past 25 years.

Lynsey, has headed a number of projects amongst which the online gaming study which will be presentated at the SiGMA conference and it involved the design of a survey, meeting with operators and finally publish a statistical report with the findings. Other projects include analysing the impact of VAT on accommodation using generalized linear models framework, conducting a study to analyse touristic trends. She is currently heading a risk assessment study for a Governmental department.

As a Survey and Statistics department at both Risk Management Services (Malta) Limited and PKF Malta, her team offers tailor-made statistical analysis for every project they are entrusted with to ensure optimal and reliable results regardless of the sector.