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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 :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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