Amaya revenue and earnings up
Amaya, which completed its US$4.9 billion takeover of Rational in August, said that revenue had rocketed year-on-year from US$ 34.3 million in the third quarter of 2013 to US$ 239 million in the three months through to the end of September 2014.
“The acquisition of PokerStars has transformed Amaya and delivered immediate value to our shareholders while setting the stage for additional future growth,” Amaya chairman and chief executive officer David Baazov said.
“In these early days I could not be happier with the initial performance of the business and the professionalism and expertise of the PokerStars management team.
“They are implementing strategic plans that leverage exciting, innovative poker variants, new gaming verticals and the mobile platform to increase engagement and new consumer acquisition.”
Amaya also announced that it had reached an agreement to sell B2B poker and platform provider Ongame to online gaming company NYX Gaming Group in order to focus on its consumer-facing poker business.
Amaya will also make a C$10 million “strategic investment” in NYX Gaming as it continues to expand its existing relationship with the company.
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