PokerStars owner turns a new leaf with Q2 profit jump

The owner of PokerStars, which recently decided to rebrand itself, is writing a new chapter of the company’s history with a more than 200 percent increase in its second quarter net income.

The former Amaya Inc., now called the Stars Group Inc., announced that its net income jumped 213 percent to US$70.5 million in April to June 2017 period compared to US$22.5 million it posted during the same period last year.

Stars Group has made a turnaround this year after a tumultuous 2016 when it is plagued with weak earnings and after its founder David Baazov has been dragged into the insider trading controversy.

To strip off their tainted image, the company decided to drop Amaya and change it to Stars Group, packed their bags to Toronto from Pointe-Claire, Quebec, hired new executives, and expanded its game offerings other than poker.