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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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Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

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ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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