Amaya FY 2015 revenues on track for CAD$1.3bn
Operator says full year revenues on track for top end of guidance with profits expected to be $572m
Amaya this morning said it expects its full year 2015 financial performance to be the upper end of guidance, with revenues on track to reach CAD$1.3bn and profits of $572m. [private]
The update comes after the gaming giant slashed its full year guidance when revealing its third quarter revenues, which resulted in a fall in its share price and led to chief exec David Baazov (pictured)Â snapping up $2.3m in Amaya shares.
Prior to amending its FY outlook, Amaya expected revenues to reach up to $1.6bn and adjusted EBITDA of $650m.
At the time, Baazov said the strengthening of the US dollar relative to foreign currencies, particularly the Euro, had resulted in a 19% decline in the purchasing power of its customers.
Since then, Amaya has launched its new BetStars sportsbook site, including its âgame-changingâ Bet & Spin feature which it believes will set it aside from its rivals.
PokerStars has also launched an Apple TV application, with its free to play Jackpot Poker app now available for download on Amazon Fire TV.
Stars is also expected to launch in New Jersey later this year, having finally been awarded a license by the state regulator at the back end of 2015.