Canadian online gambling operator Amaya Gaming says it expects its new sportsbook and casino verticals to account for 13% of its total revenue in 2015.
Revenue from Amaya’s continuing operations in the three months ending March 31 hit C$340.1m, all but C$3.1m from its B2C operations, which consist of online gambling brands PokerStars and Full Tilt. Net earnings from continuing operations came to C$22.7m. Year-on-year comparisons are mostly meaningless, as Q1 2014 predated Amaya’s blockbuster $4.9b acquisition of the Rational Group, the former owner of Stars and Tilt.
Back in Q1 2014, Amaya had also yet to implement its plan of shedding all its B2B units, from which it used to earn the majority of its bones. These discontinued operations reported revenue of C$30m and a net loss of C$9.7m. Amaya expects to “significantly” reduce its debt load via the proceeds from the sale of its Cadillac Jack and Chartwell/Cryptologic B2B businesses, deals for which were signed this year.
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