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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.
- Adjusted net earnings were up 13 percent to C$90.5 million.
- 1.85 million customer registrations during the third quarter of the year.
- As of September 30, 97 million registered customers, up 9 percent from the previous year.
- 60 percent of new accounts are from mobile devices
- 45 percent of real money players are on mobile.
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Gambling News :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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