Amaya Gaming has posted information about its financial performance during Q2 of the financial year, ended June 30, as well as details about company’s performance in Q3.
According to the released numbers, the total revenue in Q2 saw an increase of 10.2%. As for the real money online revenue, an increase of 11.2% YOY was posted.
The combined revenues of the online casino and sportsbook stood for 75% and 21% of the total revenues. A year earlier, they represented 83% and 12%, respectively.
As for the revenues, generated via poker games, they remained flat YOY. The generated amount was $215.6 million and was a result of the initial positive impact of the changes Amaya imposed on the poker loyalty scheme, the rake structure change, and the promotions players can qualify for. It is also worthy of mentioning that the Spring Championship of Online Poker held in May generated the largest prize pool in the tournament’s history. This year, the amount of $91 million was distributed among players, which is 19% more than last year.
During Q2, as many as 1.9 million new customers created accounts and Amaya’s customer base reached 103.5 million. Back in May, the migration of Full Tilt to the PokerStars platform was completed. It is expected to contribute to the further development of the platform and improve liquidity.
As for the US poker segment and the performance of PokerStars in New Jersey, PokerStars NJ accounted for 44% of the state poker revenue, according to the numbers posted by the New Jersey Department of Gaming Enforcement.
Amaya also cast light on its financial performance in July. According to the estimates, the unaudited consolidated revenues for the previous month totaled $84.6 million, up 2.2% YOY. The revenues generated from online poker were $61.4 million, down 7.8% YOY.
Along with the information about its financial results, Amaya also announced the appointment of Rafi Ashkenazi as company’s CEO. He took over the role of David Baazov on 11th August. Mr. Baazov commented on his resignation and said that he was proud of his achievements as company’s CEO and glad that he managed to make Amaya the successful company it is today. In conclusion, he added that he would continue to support its management and contribute to the development of new strategies.
