Two months ago, the Canadian gaming giant Amaya Gaming finally acquired the shares of Oldford Group. The purchase itself was estimated to be almost $5 billion but luckily, the Amaya authorities can take pride in having made a great deal.
According to the latest report, the products and services that were formerly owned by Oldford Group, has brought the Amaya owners the impressive revenue of $568 million in less than a year.
David Baazov, the company’s CEO, commented that the two platforms – PokerStars and Full Tilt, have undergone significant development, which led to the great results. He also added that the poker industry will continue growing and the annual revenues are expected to get bigger.
Baazov said that everyone, involved in the latest ventures of PokerStars and Full Tilt, is happy to see the great results of their efforts. It is a well known fact that the Amaya Gaming authorities have made the development of both platforms their top priority, as soon as they bought them.
Baazov made an official presentation of the results, both platforms have achieved in the first half of 2014, and pinpointed the fact that they have experienced different changes and improvements with the aim of being compatible to the players’ preferences.
Needless to say, the launch of Spin & Go and the Spanish version of PokerStars as well as the software Poker Stars 7 were major breakthroughs, which undoubtedly made the presence of the platforms on the global gambling market stable and recognizable.
It looks like 2014 was a good year for the Oldford Group as well since both – the revenue and the income were significantly increased.
During the first half of the year, all the services, formerly provided by Oldford Group, brought outstanding revenue to the new owners. In comparison, the revenue for the period January – May 2013 was approximately $23 million smaller.
The net income also was also improved. It increased with $19 million for only one year. The same positive tendency could be seen in the net cash operating affairs.
Baazov didn’t miss to mention that according to the predictions of prominent market analysts, as the time passes, the revenue is expected to grow. The Amaya Gaming authorities are planning pleasant surprises for the players. The launch of another betting platform should be expected as well as an innovative marketing and advertising strategy, intended to boost the popularity of the new products and services.
Earlier this year Baazov made an announcement about the future ventures of Amaya Gaming. Next year is said to be a promising one for the company because it will make attempts to enter the casino, social gaming and sports betting markets, which will make it the indisputable leader in the gaming industry worldwide.
