Amaya predicts 10% jump in Q3 earnings as casino continues to grow
Projected figures show core growth despite failed merger talks with William Hill
Amaya has released preliminary figures for Q3 this afternoon, with revenues expected to grow 10% year-on-year to between $268 and $273m.
The results follow news the Canadian firm’s potential merger with William Hill has fallen through, which broke earlier today.
However the newly-released numbers show the company’s core business in good health, with total quarterly real-money active uniques (QAUs) up 5% to 2.4 million.
The firms continued its success in diversifying away from poker, with real-money online casino and sportsbook combined revenues expected to represent 24% of total revenues, up from 15% for the Q3 2015.
Although no specific figures were given, calculations show poker revenues fell approximately 1% year-on-year and 8% sequentially to $197.5m, lending weight to the criticism from William Hill’s largest shareholder.
Amaya’s online casino offering had approximately 490,000 QAUs and its online sportsbook approximately 230,000 QAUs.
“We anticipate our third quarter performance will continue to demonstrate the improving strength of PokerStars’ core poker business, as well as continued growth in our new verticals of online casino and sports betting,” said Rafi Ashkenazi, Amaya CEO.
“Since earlier this year, our four strategic priorities remain the same: (1) grow our leadership position in online poker, (2) become a leader in online casino, (3) build a competitive online sportsbook, and (4) achieve operational excellence by improving efficiency and effectiveness throughout the organization.”
The firm will release official figures for the quarter on 14 November and predicted adjusted net earnings of $332 to $352 million for FY2016.