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Amaya Financial Continue to Grow in First Quarter

Amaya Gaming has released their first quarter 2016 financial results, noting a continued growth in revenues despite headaches related to CEO David Baazov having to take an indefinite leave of absence amid an insider trading probe.

Key financial indicators for the period ending March 31st were:

  • Revenues of $288.7 million, up 6% from the same period in 2015

  • Adjusted EBITDA of $123.4 million, up 8.7%, with net earnings from continuing operations growing to $55.5 million, up 138.5%.

  • Adjusted net earnings up 26% to $85 million

  • Diluted earnings per share up 141.8% to $0.28

  • Customer registrations up 2.5 million to 102 million

Commenting on the company's performance Amaya Interim CEO Rafi Ashkenazi said, "During the first quarter, we continued to execute on our growth plans despite unexpected challenges, including management changes and the ongoing strategic alternatives process. We attracted new customers to PokerStars, continued to introduce changes to improve the overall poker experience, expanded our online casino offering and continued to invest in our emerging online sportsbook."

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bgsharpe
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20 May 2016 - 11:11pm
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Amaya is one of the most powerful brands on the gambling market and certainly N 1 in poker terms so not really a surprising fact that their revenue continue to grow in first quarter.I think they enlarged and expand the markets they are on including New Jersey are which also take effect over the revenue numbers I guess.

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