Cryptologic Shares Being Bought by Montreal Gaming Company

05/21/2011
By Tommie ClarkGoogle

 

Rumors have been surfacing for months regarding the Montreal-based online gaming company, Amaya Gaming.  It has been said that the company has been investing large amounts of money in the online gaming software developing company, Crypotologic. 

 

As of now, the rumors have come to an end and have been confirmed.  Yesterday, Amaya Gaming, the multi-dimensional gaming company, filed an SC13D notification.  This notification determines that five percent of a company has been purchased by one owner.  Anaya now owns 652,170 shares of Cryptologic common stock.  Amaya Gaming has invested $1,075,816.19 from general working capital and now owns 5.05 percent of Cryptologic.

 

Amaya Gaming takes part in design, development, manufacturing, sales, and distribution of technology-based gaming solutions for the online gaming industry.  The purchase of Cryptologic confirms that the Montreal-Based gaming company is growing to be a top-contender in the gaming world.  Also with this purchase, the company is introducing its top executives to the world since their names will soon be popping up all over the gaming scene. 

 

The executive officers & directors of Amaya are David Baazov (CEO), Daniel Sebag (CFO), Wesley Clark Sr., Divyesh Gadhia & Harlan Goodson.

 

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