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AMAYA REPORTS A POSITIVE SECOND QUARTER AND HALF-YEAR
Friday August 14,2015 : AMAYA REPORTS A POSITIVE SECOND QUARTER AND HALF-YEAR
CEO David Baazov characterises the year so far as "exciting" and one of growth.
Online gambling group Amaya Inc., has posted positive second quarter and half-year 2015 results to end June, reporting a period of growth, with the following highlights:
* H1-2015 revenue grew to $656.9 million (H1-2014: $624.7 million;
* Adjusted EBITDA in the period reached $279.5 million (H1-2014: $248 million;
* Adjusted net earnings rose from $170.4 million last year to $138.9 million in H1-2015;
* EPS at US cents 85 (H1-2014: US cents 69;
* Second quarter revenue rose to $319.6 million from Q2-2014's $289.3 million;
* Adjusted EBITDA over the quarter was $138.2 million (Q2-2014: $111.8 million);
Commenting on the results, CEO David Baazov characterised the company's performance as "exciting", with the core online poker business strong, and customers embracing the diversification into other verticals.
“We’ve completed our transition to a pure business-to-consumer technology company having finalised the divestiture of our B2B businesses," Baazov said.
“We substantially reduced our leverage and improved our financial condition. Since the acquisition of our B2C business, we’ve repaid approximately $529 million of our long-term debt, thereby eliminating an estimated $62 million of related interest expense.”
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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