Amaya reports net income growth

Amaya reported that Oldford Group, the holding company of the poker brands’ previous owner Rational Group, posted revenue of USD 567.9 million in the first half of 2014, up from USD 545.9 million in the previous year.

Net income jumped from US$D 189.9 million in the first half of 2014 to USD 218.4 million in H1 of this year while net cash from operating activities amounted to US$ 246.4 million, up from US$ 207 million from last year.

Earlier this year, Amaya completed its acquisition of Rational Group in a deal worth US$ 4.9 billion.

On a combined basis, Amaya and Oldford Group generated total revenue of US$ 627 million and a net income of US$ 245.2 million in the first half of 2014.

David Baazov, chief executive officer of Amaya, said: “We're very pleased with the performance of PokerStars and Full Tilt in 2014. The core poker business continued to grow during the first half of the year and recorded a strong cash flow.”

Amaya also used the opportunity to issue an update on other business relating to Pokerstars and Full Tilt.

In September, PokerStars launched a new poker variant called ‘Spin & Go’s’ to players on its global .com network, following the success of launches in Spain, France and Italy.