Investing.com - Financial Markets Worldwide
💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

UPDATE 1-PokerStars owner Amaya's profit beats as it adds more customers

Published 2016-03-14, 06:12 p/m
© Reuters. UPDATE 1-PokerStars owner Amaya's profit beats as it adds more customers
TSGI
-

(Adds details)
March 14 (Reuters) - Amaya Inc AYA.TO AYA.O , the owner
of online gambling sites PokerStars and Full Tilt, reported a
better-than-expected quarterly profit as it added more
customers.
Aggregate customer registrations increased by 1.99 million
in the fourth quarter to about 99 million at the end of 2015 and
currently exceed 100 million, Amaya said in a statement.

The Montreal-based company said earlier this month it has
tapped Moelis & Co to independently value the company, in light
of an anticipated takeover proposal from its Chief Executive
David Baazov for C$21 per share.
Net loss from continuing operations was C$15.8 million, or a
loss of 7 Canadian cents per share, for the quarter ended Dec.
31, compared with net earnings from continuing operations of
C$35.6 million, or 17 Canadian cents per share, a year earlier.
The company reported an adjusted profit of 53 Canadian cents
per share beating average analysts' estimate of 49 Canadian
cents per share.
Revenue rose 14.8 percent to C$389.5 million from C$339.4
million.
Shares of the company, which have slipped about 40 percent
in the last year, closed at C$18.60 on Monday on the Toronto
Stock Exchange.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.