Tag Archives: Cadillac Jack
US – AGS announces plans for Cadillac Jack
AGS, a leading supplier of Class II and Class III slot machines as well as live table games, has announced its plans for Cadillac Jack, a leading provider of Class II gaming machines for the North American tribal gaming market, with key regions of operation including Alabama, Mexico, and Wisconsin. As previously announced on March…
Canada – Amaya completes sale of Cadillac Jack to AGS for $476m
Amaya has now completed its sale of Cadillac Jack to AGS for $461m and a $15m payment-in-kind (PIK) note. Amaya’s Chairman and CEO, David Baazov, said: “Cadillac Jack has expanded its business greatly under Amaya’s ownership to the credit of its management and its employees.It has enhanced its operational efficiencies and expanded its business both…
Canada – Amaya sells Cadillac Jack to AGS for C$476m
Amaya has agreed to sell Cadillac Jack to AGS, owned by Apollo Global Management, for $476m. The transaction is anticipated to close in 2015, subject to receipt of gaming regulatory and antitrust approvals and other customary closing conditions. Amaya CEO David Baazov said: “Cadillac Jack has grown its business significantly in new geographies and new…
Canada – Amaya to buy back stock and divest assets
Amaya Gaming is to buy back some of its own stock via a normal course issuer bid (NCIB) with the plan being to separate its B2B assets to focus on maximising its PokerStars brand. Amaya said it will buy back and cancel up to 5,399,631 common shares, accounting for five per cent of the public…
Canada – Amaya considers options with Cadillac Jack
In a move that will spark rumours it is about to sell, Amaya Gaming Group has initiated a strategic review process to explore alternatives for its B2B land-based gaming solutions business, Cadillac Jack. The strategic review will consider various alternatives for the company identified by Amaya’s and Cadillac Jack’s executive management, with the fundamental objective…
US – Konami and Cadillac Jack settle on Action Stacked Symbols
Konami Gaming and Cadillac Jack have reached a settlement agreement resolving pending infringement litigation to enforce certain Konami’s Action Stacked Symbols patents against various Cadillac Jack products. Cadillac Jack was cooperative after receiving notice that the litigation was filed and the two companies embarked on a process of information sharing to determine whether, and to…
US – Cadillac Jack slot platform approved for New Jersey
Amaya Gaming’s subsidiary Cadillac Jack has received approval from New Jersey’s Division of Gaming Enforcement to utilise its Genesis DV1 slot machine platform and associated hardware and software, including top performing game titles Fire Wolf, Siberian Siren, and Legend of White Buffalo, in the state. Cadillac Jack will now apply to the DGE for transactional…
Canada – Cadillac Jack announces orders of 1,100 slots
Amaya Gaming’s slot subsidiary Cadillac Jack has entered into multiple agreements to ship approximately 1,100 gaming machines to existing and new customers in the United States. Installation of the machines is anticipated to occur in the second quarter of 2014. The shipments are primarily comprised of outright sales of gaming machines as well as upgrading…
Canada – Amaya doubles revenues in 2013
Amaya Gaming saw a huge increase in revenue in the quarter up to December 31, whilst more than doubling its revenue for the entire year, due to the inclusion of results from CryptoLogic, Ongame Network and Cadillac Jack, which were acquired in 2012. Revenue for the three month period ended December 31, 2013 was $39.01m…
