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Pokerstars latest set of Q2-2016 results

POKERSTARS POKER ECOSYSTEM MOVES TAKING EFFECT
 
Six months on there has been an improvement in overall revenues.
 
Amaya executives conducting a press call in the wake of the companys latest set of Q2-2016 results hailed the increasingly obvious success of its VIP program cuts and rake changes six months ago.
 
Whilst the changes triggered hostility and complaints from some sections of the PokerStars player base, they have resulted in a rise in overall revenue and an improved ecosystem, rebuffing the predictions of some of the more pessimistic critics and reactions that included attempted boycotts.
 
Cash game traffic may have declined in the short term as a result of the amendments, but a stronger recreation-player centred environment is emerging, it appears.... and the company is taking a long view in its strategy.
 
Online poker information publication US Poker reports that during the press call the now permanent Amaya CEO Rafi Ashkenazi revealed that of the groups 2.4 million unique users, 2.3 million played at the PokerStars tables during Q2 2016 (a slight year-over-year increase) and that the number of active players has increased to 2.35 million (Q2-2015: 2.28 million), with 1.9 million registrations during the second quarter of this year.
 
Breaking out online poker numbers, Q2 revenue was $215.6 million (Q2-2015: $216.1 million), whilst total casino, sports and poker revenue combined rose 10 percent year-on-year to $285.9 million (Q2-2015: $259.5 million). That improvement rose to 14 percent on a constant currency basis, with the poker component up 5 percent.
 
And, Ashkenazi claimed, PokerStars global market share remained dominant at 71 percent.
 
Giving players more diversity of choice by offering gaming other than poker continues to be part of the companys strategy, with a permanent adaptation of the Card Hunt bingo-style game is planned for release in this third quarter of the year.
 
Given the increasing pressure for US legalisation and the widespread regulatory moves elsewhere, it is hardly surprising that Amaya is spending heavily in lobbying activity, with US lobbying investment alone tripling y-o-y at $3.47 million during Q2-2016. To put that into perspective, its not far short of the lobbying spend of $3.59 million in the first six months of last year.
 
Critics of the PokerStars changes may be frustrated by Ashkenazi’s claim that there has been no negative impact from high-revenue players, and that in the new environment bankrolls from recreational and casual players are lasting longer.



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Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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