Amaya finalise WagerLogic sale

iders Amaya have completed the sale of their online casino operator subsidiary WagerLogic to Goldstar Acquisitionco.

WagerLogic have been sold for CAD$70m, less a closing working capital adjustment of $7.5 million, with the sum satisfied through a cash consideration of CAD$52.5m and a vendor take-back in the form of a promissory note of CAD$10m.

Wagerlogic operate gaming brands such as InterCasino, InterPoker and InterBingo, and it has been confirmed that subsidiaries of Amaya will continue to supply the sites with software, services and content.

Upon the announcement of the sale last year, Amaya Gaming Group CEO David Baazov confirmed that his firm wished to focus on their B2B supplier activities.