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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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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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