Amaya Announces Additional Closing of Private Placement of Common Shares

MONTREAL, QUEBEC--(Marketwire - July 12, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Amaya Gaming Group Inc. ("Amaya") (TSX VENTURE:AYA) is pleased to announce the final closing under its private placement financing announced May 29, 2012 (the "Private Placement"), issuing 952,200 additional common shares ("Common Shares"), at $4.05 per Common Share, for additional gross proceeds of $3,856,410. Gross proceeds raised under the Private Placement, including proceeds raised under the first closing, is $107,408,430.

The Common Shares issued pursuant to this final closing of the Private Placement will be subject to a 4-month and one day restricted period expiring on November 13, 2012.

The Private Placement was conducted through a syndicate of agents led by Canaccord Genuity Corp. and including BMO Capital Markets, Desjardins Securities Inc., Union Securities Ltd., BayFront Capital Partners Ltd. and Cormark Securities Inc. (collectively the "Agents"). Amaya has paid the Agents an aggregate commission of approximately $192,820 in connection with this final closing under the Private Placement.

The net proceeds will not be used to acquire shares or other negotiable securities of another corporation, but instead for the implementation of the growth strategy of Amaya and for general corporate purposes and working capital. Specifically, Amaya intends to use the net proceeds derived from this additional closing from its head office located in Quebec, to finance the design, development and innovation of an interactive platform that facilitates and extends the integration capabilities of cross-media gaming content distribution through various online, mobile and social media channels.

Amaya has received an advance income tax ruling from the Ministère du Revenu du Québec confirming that Amaya meets the criteria of a "qualified issuing corporation" in accordance with the Québec Stock Savings Plan II and that the Common Shares of Amaya issued under this additional closing, if subscribed by a qualified mutual fund, are "qualifying shares" as per such plan.
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).

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, Africa 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 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 visit www.amayagaming.com or www.amayaonline.com.