UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of
Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
Under the Securities Exchange Act of 1934
For the Month of February 2016
001-37403
(Commission File
Number)
AMAYA INC.
(Translation of registrants name into English)
7600 Trans Canada Hwy.
Pointe-Claire, Quebec, Canada
H9R 1C8
(Address of
principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F
or Form 40-F.
Form 20-F ¨ Form 40-F þ
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
On February 22, 2016, Amaya Inc. issued a news release providing an update to the legal dispute in the
Commonwealth of Kentucky. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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Amaya Inc. |
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Date: February 22, 2016 |
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By: |
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/s/ Daniel Sebag |
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Daniel Sebag Chief Financial
Officer |
EXHIBIT INDEX
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Exhibit No. |
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Description |
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99.1 |
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News Release, dated February 22, 2016 |
Exhibit 99.1
Amaya Provides Update on Kentucky Dispute
Montreal, Feb. 22, 2016 - Amaya Inc. (NASDAQ: AYA; TSX: AYA), through certain subsidiaries, today filed a notice of appeal of the previously announced
December 23, 2015 Kentucky trial court order for damages against such subsidiaries and posted a US$100 million supersedeas bond to stay enforcement of the order during the pendency of the appeals process. The posting of the bond required the
delivery of cash collateral in the amount of US$35 million and letters of credit in the aggregate amount of US$30 million. Amaya will continue to vigorously challenge the trial courts order.
In late-January, pursuant to and in accordance with the procedures set forth in the merger agreement governing the acquisition of the PokerStars business, a
subsidiary of Amaya submitted a notice of claim to the sellers representative and escrow agent seeking indemnification for losses and potential losses caused by breaches under the merger agreement and requesting, among other things, that the
escrow agent retain the then-remaining balance of the escrow fund established under the merger agreement in an aggregate amount equal to approximately US$300 million. Amaya has since received a notice from the sellers representative initially
disputing all claims set forth in Amayas notice of claim. The disputed indemnity claims and release of the escrow funds will be resolved in accordance with the provisions of the merger agreement and escrow agreement.
There can be no assurance that Amayas appeal will be successful or that its notice of claim will result in any amounts in the escrow fund being remitted
to Amaya or that any of Amayas estimates of potential losses will reimbursed by the sellers or otherwise.
About Amaya
Amaya is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries. Amaya owns gaming and
related consumer businesses and brands including PokerStars, Full Tilt, BetStars, StarsDraft, the European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour and the Asia Pacific Poker Tour. These brands have more than 100 million
cumulative registered customers globally and collectively form the largest poker business in the world, comprising online poker games and tournaments, live poker competitions, branded poker rooms in popular casinos in major cities around the world,
and poker programming created for television and online audiences. Amaya, through certain of these brands, also offers non-poker gaming products, including casino, sportsbook and daily fantasy sports. Amaya has various gaming and gaming-related
licenses or approvals throughout the world, including from the United Kingdom , Italy , France , Spain , Estonia , Belgium , Denmark , Bulgaria , Greece , Ireland , Romania , the Isle of Man , Malta , the State of Schleswig- Holstein in Germany ,
the Provinces of Quebec and Ontario in Canada , and the State of New Jersey in the United States.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable
securities laws, including, without limitation, certain expectations and projections related to legal proceedings and indemnification claims. Forward-looking statements can, but may not always, be identified by the use of words such as
anticipate, propose, plan, continue, estimate, expect, may, will, project, predict, potential, targeting,
intend, could, might, would, should, believe, objective, ongoing and similar references to future periods or the negatives of these words and
expressions. These statements, other than statements of historical fact, are based on managements current expectations and are subject to a number of risks, uncertainties, and assumptions, including market and economic conditions, business
prospects or opportunities, future plans and strategies, projections, technological developments, anticipated events and trends and regulatory changes that affect us, our customers and our industries. Although Amaya and management believe the
expectations reflected in such forward-looking statements are reasonable and are based on reasonable assumptions and estimates, there can be no assurance that these assumptions or estimates are accurate or that any of these expectations will prove
accurate. Forward-looking statements are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual events to differ materially from those expressed or implied in such
statements. Applicable risks and uncertainties include, but are not limited to, those identified under the heading Risk Factors and Uncertainties in Amayas Annual Information Form for the year ended December 31, 2014 and in
its Managements Discussion and Analysis for the period ended September 30, 2015, each available on SEDAR at www.sedar.com, EDGAR at www.sec.gov and Amayas website at www.amaya.com, and in other filings that
Amaya has made and may make with applicable securities authorities in the future. Investors are cautioned not to put undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date hereof, and Amaya undertakes
no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact
For investor relations, please contact: Tim
Foran, Tel: +1.416.545.1325, ir@amaya.com;
For media inquiries, please contact: Eric Hollreiser, Press@amaya.com.
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