Canada’s Amaya Gaming says its online casino vertical increased its share of overall revenue in the third quarter but the company slashed its full-year earnings guidance and pumped the brakes on its sports betting ambitions.

In the three months ending Sept. 30, Amaya said revenue rose 8% to C$325m (US $244.5m), of which 14% came via the casino vertical, up from 11% in Q2 and 6% in Q1. Adjusted earnings rose 8% to $141m, while adjusted net earnings rose 13% to $91m as margins were basically unchanged at 43.5%.

Slipping on its rose-colored glasses, Amaya said online poker revenue was up 4.5% and overall revenue was up 19%, provided you viewed things on a constant currency basis and discounted a number of significant market forces. These included $5m in new value added taxes in some European Union markets, the forced exit of Amaya’s PokerStars and Full Tilt brands from Portugal and other markets, plus the imposition of capital controls in Greece.

But CEO David Baazov said the strengthening of the US dollar relative to the Euro and other currencies had resulted in a 19% decline in the purchasing power of its customer base. This has had a “significant negative impact” on revenue, “higher than we previously anticipated.”