Amaya to explore alternatives for Cadillac Jack
Canadian gaming provider Amaya Gaming has commenced a strategic review process in order to explore alternatives for its business-to-business land-based gaming solutions business Cadillac Jack.
The firm said that the review will consider various alternatives for the firm identified by both the executive management of Amaya and Cadillac Jack.
Amaya added that the review has the fundamental objective of expediting Cadillac Jack’s growth strategy and maximising value for Amaya shareholders.
Amaya has engaged Macquarie Capital and Deutsche Bank Securities as co-financial advisers to assist with the strategic review.
Mauro Franic, chief operating officer of Cadillac Jack, said: “Cadillac Jack has matured greatly as a company under Amaya's ownership.
“We have developed a robust product library and enhanced our operational efficiencies.
“We will now consider alternatives that will accelerate our market expansion and add value to our current and prospective customers.”
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