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Amaya Q3-2016 Earninhs


Continued growth in sportsbetting and casino verticals.

Amaya Inc. has cautiously released a selection of preliminary results based on its “managements initial review of operations and performance”.

Key performance indicators for this set of preliminary results, covering the three month period ending September 30 2016, include:

-    Total revenues of between $268 to $273 million, as compared to approximately $247 million of total revenues for the third quarter ended September 30, 2015.

-    Real-money online poker revenues and real-money online casino and sportsbook combined revenues are expected to represent approximately 73 percent and 24 percent of expected total revenues for the quarter, respectively, as compared to 81 percent and 15 percent for the prior year period.

-    Total combined Quarterly Real-Money Active Uniques (QAUs) of 2.4 million, represent an increase of approximately 5 percent y-o-y.

-    Around 2.3 million QAUs played online poker during the quarter, representing an increase of around 3 percent y-o-y.

-    Amayas online casino offerings had around 490,000 QAUs and its emerging online sportsbook offerings had approximately 230,000 QAUs.

-    Total Quarterly Net Yield of $110 to $111, which would represent an increase of 4 percent to 5 percent y-o-y.

"We anticipate our third quarter performance will continue to demonstrate the improving strength of PokerStars core poker business, as well as continued growth in our new verticals of online casino and sports betting," Rafi Ashkenazi, chief executive officer of Amaya, said in a press statement.

Looking ahead, Amaya said its four strategic priorities, identified at the start of the fiscal year, remain.  These comprise growth of its leadership position in poker, aspirations to lead in online casino, the building of a competitive online sportsbook and the achievement of operational excellence through improved efficiencies.

Amaya further stated its expectation in terms of full year guidance for 2016.  These include:

-    Revenues of $1,127 to $1,157 million.

-    Adjusted EBITDA of $490 to $510 million.

-    Adjusted Net Earnings of $332 to $352 million

-    Adjusted Net Earnings per Diluted Share of $1.71 to $1.82.

Full, audited results are expected to be released on November 14, 2016.

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Gambling News :

FanDuel adds English Premier League action - Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.

Fortuna Entertainment Group in deal with Czech Football Association - Online gambling operator Fortuna Entertainment Group Nv has announced a sponsorship deal for an undisclosed consideration with the Czech Football Association (FAČR), effective from the 2018-19 season for six years.

Paddy Power and Inspired in Deal - The new agreement sees Paddy Power join a roster of other Inspired HTML 5 clients that includes William Hill, Gala Coral, Bet365 and Betfred.

Martin Crowley DraftKings Collusion Charges Dismissed - Our readers may recall a story that surfaced last month in which allegations were made that there was suspected collusion in a million dollar fantasy sports competition at DraftKings.

BeBetway British Horse racing Authority Authorized Betting Partner - Online gambling operator Betway has become the latest bookmaking firm to agree to voluntary payments over the next three years to the British Horse racing Authority in return for accreditation as an Authorized Betting Partner.

Coral Q4-2016 earnings reports - Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.

Unibet in cooperation with - Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).

Kiron Interactive in deal with Digitain - The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.

2016 World Poker Tour-best bet Bounty Scramble - That calmness and discipline not only kept Panzica in the game, but began to grind down Malones advantage, aided by some fortunate double up opportunities.

GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 - Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”

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