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Amaya secures online gaming license for the Dominican Republic

MONTREAL, Canada, February24, 2011 - Amaya Gaming Group Inc. (TSX-V: AYA), an entertainment solutions provider for the gaming industry announced today that it has secured a license to operate online gaming in the Dominican Republic; to date, no other such license has been granted. The Dominican Republic is the second largest Caribbean nation with an estimated population of 10 million people. The global online gaming market is estimated to have reached a value in excess of $29 billion in 2010 and is forecasted to grow by another 14% in 2011, according to an industry report by Global Betting and Gaming Consultants.

Amaya’s online gaming offering includes slot games as well as table games like Blackjack, Roulette, Sicbo, Craps and Baccarat in addition to peer-to-peer games such as online poker. The online gaming site is expected to be launched by Q3 2011.

"We are extremely pleased to have secured this license to operate online gaming in the Dominican Republic. We believe our extensive gaming library and technological capabilities have been key deciding factors in securing this license. As one the fastest growing segment of the entertainment industry, online gaming still represents a significant untapped market segment for Amaya" mentioned Mr. David Baazov, President and Chief Executive Officer of Amaya.

Commenting on the granting of the online gaming license, Mr. Conrado Abud, Director of the Ministry of Finance of the Dominican Republic said “Based on our investigations and due diligence, we have decided to authorize Amaya with the only license of its kind to operate online gaming in the country. As such, this is a sector of the gaming industry that is rapidly developing in an illegal way. Amaya was granted the license to redirect this already existing but illegal gaming activity to a site that is secure, legal and trustworthy.”

About Amaya

Amaya is engaged in the design, development, manufacturing, distribution and sale of technology based gaming solutions for the regulated gaming industry worldwide. For more information please visit www.amayagaming.com

Disclaimer in regards to Forward-looking Statements

Certain statements included herein, including those that express management's expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, Amaya does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”


http://www.amayagaming.com/