BUSINESS

Amaya sells Chartwell and Cryptologic subsidiaries for $150 million cash

04/09/2015 09:01 EDT | Updated 06/09/2015 05:59 EDT
MONTREAL - Amaya Inc. (TSX:AYA) has agreed to sell its Chartwell and Cryptologic subsidiaries for about $150 million cash to NYX Gaming Group Ltd. (TSXV:NYX).

It's the latest sale of Amaya's legacy assets since the Montreal-based company bought PokerStars last year.

The US$4.9-billion PokerStars deal is transforming Amaya into a global online gaming business.

Amaya says it expects the deal with NYX to close before the end of September, subject to financing and other conditions.

Under a six-year service agreement with NYX, Amaya will continue to work with the divested business units, which have about 300 casino-type games and a real-money gaming platform used by online casino operators.