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Amaya Gaming Q1-2015

Friday May 15 ,2015 : MAJOR REVENUE INCREASE IN Q1 FOR AMAYA GAMING
 
Rational Group acquisition boosts performance through Pokerstars.
 
The Montreal-based Amaya Gaming online gambling group has posted a significant rise in revenue and adjusted profit for Q1-2015, principally due to the performance of its $4.9 billion Pokerstars-Rational Group acquisition.
 
Amaya has been selling or spinning off its non-core subsidiaries in recent months, disposing of B2B operations like Diamond Game, Chartwell Technology, CryptoLogic Limited and Cadillac Jack in deals worth hundreds of millions of dollars (see previous InfoPowa reports). These initiatives will help the company reduce its debt burden, management advises.
 
Excluding one-time amortisation and acquisition related costs, the company posted an adjusted profit of Cdn$82.5 million, or 41 Canadian cents a share. That compared with a year earlier loss of Cdn$1.3 million, or 1 Canadian cent a share.
 
Quarterly revenue rose to Cdn$340.1 million, from Cdn$12.8 million, a year ago, whilst net earnings from continuing operations came to Cdn$22.7 million.
 
As expected, the bulk of Amaya's revenue in the quarter came from online poker at 94 percent, but the company noted that non-poker activity increased by around 75 percent in the closing weeks of the quarter, a trend that has persisted into the new reporting quarter.
 
Chief executive officer David Baazov said in his report that there had been continued strength in Amaya's core consumer online gambling business, with Pokerstars growing its share of the international online poker market, and gross deposits up 9 percent.
 
It is estimated that Pokerstars controls some 66 percent of the global internet poker market, based on cash game and tournament players in the first quarter, up from 62 percent a year earlier.
 
Amaya anticipates that new products in the casino and sportsbook verticals will deliver 13 percent of all its revenue this year, which it predicts will be in the range Cdn$1.44 billion to Cdn$1.56 billion.
 
The diversification into internet casino gambling at Pokerstars and Full Tilt has been assisted by cross-marketing, with over 20 percent of business coming from Pokerstars and 33 percent from Full Tilt, which has offered the casino vertical for longer.
 
The introduction of a sportsbetting vertical continues, with major developments expected in Q2 and Q3 this year.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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