Server and network-based gaming company Amaya Gaming has confirmed its intention to sell subsidiary WagerLogic for C$70 million (€49 million/$68 million).
WagerLogic, which operates online casino room InterPoker as well as InterCasino and VIPCasino under a Maltese gaming licence, will be acquired by Toronto-based Goldstar, which was incorporated last month for the purpose of acquiring WagerLogic.
Following completion of the deal, which is expected by the end of this year, Amaya’s subsidiaries will continue to supply WagerLogic with software, services and content to power its online casino operations.
“The proposed sale of these business-to-consumer assets is consistent with our strategy of focusing primarily on being a single source business-to-business supplier of diversified gaming solutions to gaming operators,” Amaya Gaming chief executive officer David Baazov said.
“We anticipate this divestiture will allow us to expand our existing relationships and cultivate new ones with online gaming operators.”