Amaya Q3 revenue up 10%, need new lenders to cover deferred Scheinberg payment

Canadian online gambling operator Amaya Gaming says it expects to report a 10% rise in Q3 revenue despite the waning influence of its PokerStars brand’s core poker product.

On Tuesday, Amaya issued preliminary results for the three months ending September 30, saying it expects revenue to come in between $263m to $273m (all figures in US dollars), up from $247m in Q3 2015. Final figures will be released on November 14.

Amaya expects roughly 73% of Q3 revenue to come from poker, with 24% coming from its combined sportsbook and casino operations. This compares to 81% poker and 15% sports/casino in Q3 2015. The most recent figures suggest PokerStars’ core poker revenue suffered declines of roughly 1% year-on-year and 8% sequentially.

In more positive news, Amaya says its quarterly real-money active unique (QAU) customer ranks improved 5% to 2.4m. Around 2.3m of these played online poker in Q3, up 3% year-on-year. Amaya’s online casino QAUs totaled 490k while sportsbook reported 230k.