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AMAYA GROUP RELEASES RESULTS FOR 2010
Written On 4/8/11 By Jennifer Jearu :
But the numbers tend to discredit rumours of a Cryptoligic acquisition
The Montreal-based gaming group Amaya Gaming's 2010 results just released proves that rumours can be deceptive....whispers that the group may be shaping up to make an offer for Cryptologic appear unlikely, given the numbers involved.
Amaya's 2010 results show a 2.5 percent year-on-year increase in revenues to $6.049 million, a 3 percent year-on-year increase in gross profits and net earnings almost halved to $336,456.
The Montreal-based firm recently secured the first licence to operate online gaming from the Dominican Republic and last year was approved by Kenya’s Betting Control and Licensing Board to operate online gaming in the African nation.
David Baazov, president and chief executive officer for Amaya described 2010 as 'fruitful' and said:
“We secured numerous licenses permitting us to strategically deploy our leading entertainment solutions on a global scale. We were also able, in the fourth quarter of 2010, to close a ten-million-dollar bought-deal despite challenging market conditions.
“We believe we are perfectly positioned to continue increasing our international presence as we take full advantage of the growing acceptance of our technological capabilities.
Widespread rumour last week suggested that Amaya had amassed a five percent share in Cryptologic and was positioning itself for a takeover bid. Given these numbers, this would now appear highly improbable.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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