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Amaya published a financial report for the first quarter of 2016

Amaya published a financial report for the first quarter of 2016

21 may 2016

Recently Amaya Gaming has released a financial report for the first quarter of 2016, noting the continuing growth in revenues, despite the scandals and problems around the head of the company David Baazov, who was accused of insider information trading.
In general, the main financial numbers for the period from January 1, 2016 to March 31, 2016 were as follows:

  • Revenues of the company amounted to $288,700,000, an increase of 6% compared to the same period of 2015.
  • Adjusted EBITDA amounted to $123,400,000, which is by 8.7% higher than the same period of the last year. Net profit from continuing operations increased to $55,500,000. This figure was higher by 138.5%.
  • Adjusted net profit increased by 26% to $85 million.
  • Dispersed income per ordinary share increased to 141.8% (+ $0.28).
  • The number of registered customers increased by 2.5 million to 102 million in general terms. According to the company, there are 469,000 active participants in its casino, while BC BetStars has 169,000.
  • April Amaya's income in New Jersey on an annualized basis increased by 11% to $96 million, where $20 million is revenue of the casino, poker revenues remained unchanged.

Amaya also announced that Baazov as well as Daniel Sebag, wouldn't be re-elected in the Amaya's board of directors in the future.

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