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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.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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