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AMAYA REVEALS RATIONAL GROUP POKER NUMBERS
Saturday October 18,2014 : AMAYA REVEALS RATIONAL GROUP POKER NUMBERS
In a report on its acquisition of the Pokerstars and Full Tilt parent group, Amaya publishes some impressive numbers.
Because it was never a publicly-listed company the Rational Group, parent of Pokerstars and Full Tilt Poker, has in the past not been required to reveal its financial results, but new owner Amaya Gaming changed that this week with the publication of the company’s current half-year numbers as part of a report on the $4.9 billion acquisition deal.
Outstanding among these, given the decline in revenues reported by many other online poker providers, is the 15 percent increase in profit to $221 million that Rational was able to achieve in H1-2014, thanks to a 4 percent rise in revenues from Pokerstars and Full Tilt.
Amaya actually took over the Oldford Group, whose main asset is Rational, and the numbers show that the company generated revenues of $568 million in revenue during the half-year (H1-2013: $546 million).
Earlier disclosures by Oldford during the acquisition negotiations showed that the group recorded FY revenue of $976 million and $1.1 billion in 2012 and 2013 respectively, delivering adjusted FY earnings of $342 million and $420 million, with cash flow from operations of $267 million and $317 million respectively.
Amaya has other solid online gambling assets in its stable, which contribute to boost the overall group's H1-2014 revenues somewhere north of $700 million, with net income around the $275 million mark.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
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