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Amaya released its latest earnings call
Wednesday November 11,2015 : GLIMPSE INTO FUTURE OF AMAYA
Lowers full year financial guidance.
Amaya Inc., parent company of PokerStars and FullTilt, released its latest earnings call this week revealing future plans for the business that include its confirmed expansion into sports betting
Amaya said plans for 2016 include the launch of PokerStars New Jersey, the launch of its sports betting product BetStars and the possibility of an eSports/poker product explained as a “new poker variant targeting the large and growing skilled video gaming community.”
Amaya is also looking ahead to the potential liberation of the online poker market in Russia during 2016, saying is would be in line for a concession.
David Baazov, chief executive officer also adjusted Amaya’s estimated earnings for 2015 to $1.289 billion down from its previous $1.456 billion – $1.564 billion guidance because of the stronger U.S. dollar which it says has diminished customer purchasing power which affects revenue.
Amaya’s financial report earlier this week detailed key performance indicators for the third quarter period as:
- Revenue of C$324.7 million, up 8 percent from CAD 299.5 million Y-O-Y, and adjusted net earnings per share of 44 cents or C$90.5 million, up from 38 cents per share or C$79.8 million.
- Online casino accounted for 14 percent of its overall quarterly turnover, while the remaining 86 percent was largely from online poker.
- Revenue from B2C poker operations rose 12 percent Y-O-Y.
GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
Oceanís Call Slot Launches -
Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.
Big Names Playing WCOOP -
The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.
Sirplay to Open Argentina Branch -
#SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.
DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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