Canadian gaming giant Amaya Inc. posted earlier today information about its financial results for the third quarter and nine months ended September 30. Revenue for this year’s third quarter amounted to C$324.7 million, up 8% as compared to the C$299.5 million reported for the same period a year ago.
Revenue for the first nine months of the year totaled C$981.5 million compared to the amount of C$924.2 million posted for the same nine-month period of 2014.
The gambling company noted that online casino operations accounted for 14% of the overall quarterly turnover. The remaining 86% were mostly from real-money online poker. Amaya also announced that revenue from B2C poker operations increased almost 12% as compared to the figures posted for the third quarter of 2014.
Adjusted EBITDA for the period amounted to C$141.2 million, up 8% year-on-year as compared to C$130.5 million for the same three months of 2014. The Canadian gambling giant also reported adjusted EBITDA of C$420.7 million for the first nine months of the year. In comparison, the amount of C$378.5 million was posted for the same period a year ago.
Adjusted net earnings for the third quarter of 2015 increased 13% to reach C$90.5 million. Adjusted net earnings for the nine months ended September 30 totaled C$260.9 million, up from C$218.7 million reported for the first nine months of 2014.
Amaya announced that there were about 1.85 million customer registrations during the third quarter of the year. As of September 30, the operator had about 97 million registered customers, up 9% from the previous year.
Furthermore, the aggregate number of unique gambling customers playing real-money online games during the three months ended September 30 was an approximate of 2.2 million. About 94% of those played on PokerStars, down 3% year-on-year as a result from “extraordinary events,” including the temporary suspension of Amaya’s operations in Portugal in July 2015, the impaired real-money operations in Greece, and the withdrawal from about 30 jurisdictions following the Canadian giant’s purchase of the Rational Group.
During the third quarter of 2015, Amaya’s PokerStars and Full Tilt online poker brands were given the green light by the New Jersey Division of Gaming Enforcement to introduce their product offering within the state’s borders. The brands will be operated by Amaya and its Atlantic City-based partner – Resorts Casino Hotel. Operations are slated to commence sometime in the first half of 2016.
In addition to this, Amaya was also granted gaming licenses and additional approvals in several other jurisdictions, with Ireland, Romania, and the Canadian Province of Quebec being among those.
Commenting on the company’s financial performance during the third quarter of the year, Amaya Chairman and CEO David Baazov said that despite the number of challenges to their core business, they are well-positioned to further increase their cash flow and attract new customers in the years to come by introducing a number of new initiatives.
