Amaya Makes Substantial Dent In Rational Group Payment Obligation

AMAYA MAKES SUBSTANTIAL DENT IN RATIONAL GROUP PAYMENT OBLIGATION

01st February, 2017 at 22:05:07
Source: http://www.azonlinecasinos.com

Additional deferred payment of $75 million

Amaya Inc. has made an additional payment of $75 million on the deferred purchase price of the Rational Group it acquired in 2014.

The remaining deferred purchase price obligation is approximately $122.5 million which the company said it intends completing payment of by the end of this year.

"The strong performance of our business allowed us to make another meaningful payment on our pre-existing contractual obligation to the former owners from cash on our balance sheet," Rafi Ashkenazi, chief executive officer of Amaya, said.

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