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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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Gambling News :

Jack Lam on the Run - "Our records also showed Lam arrived in Manila last Nov. 25 aboard a China Airlines flight from Taipei, she said, observing that there was no record of any return to the Philippines since his departure.

Golden Jungle Slot - IGT is about to launch online its popular land casino slot Golden Jungle, adding yet another jungle-and-temple themed game to the dozens already available to internet and mobile punters.

Philippines president Orders Arrest of Jack Lam casino magnate - Rodrigo Duterte, the shoot-from-the-hip Philippines president, has intervened in the fast-moving bribery scandal involving his Justice Secretary Vitaliano Aguirre, Pagcor chief Andrea Domingo and Macau-based casino magnate Jack Lam

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

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