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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.
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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.
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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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