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AMAYA GAMING REPORTS $1.8 MILLION IN LOSSES
Friday July 1,2011 : Montreal-based online gambling group see revenues drop
The Montreal-based internet gambling group Amaya Gaming, which has been making waves this year with the acquisition of Chartwell Technology, significant investments in Cryptologic stock and deals in the African state of Kenya, has reported a quarterly loss of $1.8 million.
Management revealed Thursday that Amaya lost $1.8 million in its latest quarter compared with a profit of $449,000 a year ago.
The company said in a statement that the loss amounted to five cents per share in its latest quarter compared with a profit of $449,000 or two cents per share a year ago.
Revenue for what was the company's first quarter totalled $1.1 million, down from $1.5 million.
Amaya attributed the quarterly loss to increased sales, marketing and administrative expenses due to its SMS Lottery operation in Kenya.
Shares in the company were unchanged at $3 on the Toronto Stock Exchange Venture Market.
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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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