{"id":34,"date":"2024-06-11T12:25:44","date_gmt":"2024-06-11T09:25:44","guid":{"rendered":"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/"},"modified":"2024-06-12T10:43:24","modified_gmt":"2024-06-12T07:43:24","slug":"amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue","status":"publish","type":"post","link":"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/","title":{"rendered":"Amaya Reports Mixed 2015 Results, Highlights Growth in Casino and Sportsbook Revenue"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/pAmiG7EiHnQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>PokerStars&#8217; parent organization, Amaya, declared a $25.9 million net deficit in 2015. This represented a substantial decrease from their 2014 earnings of $125.2 million. Nevertheless, the firm emphasized its modified net income, presenting a more optimistic outlook. These numbers, incorporating factors like interest expenditures and stock-based remuneration, revealed an 18% surge, reaching $372.2 million. <\/p>\n<p>CEO David Baazov acknowledged difficulties associated with exchange rate volatility and the introduction of new offerings but highlighted the favorable adjusted earnings as an indicator of the company&#8217;s fundamental robustness. Total revenue ascended by 8% to $1.37 billion, while adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) experienced an 11% rise to $586.9 million. Amaya was also eager to underscore that when accounting for currency variations, their overall revenue actually expanded by 15%, propelled by a comparable increase in real-money online revenue.<\/p>\n<p>Over the year, Amaya achieved significant strides in diminishing its long-term debt, reducing it from roughly $3.16 billion to $2.59 billion. They anticipate interest and debt disbursements to be approximately $173 million in 2016.<\/p>\n<p>Concentrating on the final quarter of 2015, Amaya incurred a net loss of $15.8 million, a stark difference from the $35.6 million profit during the corresponding period in 2014. However, their adjusted net earnings for Q4 2015 surged by a remarkable 27% to $111.3 million. This expansion was fueled by a 15% revenue increase, reaching $389.5 million, and a 16% rise in adjusted EBITDA to $166.2 million. <\/p>\n<p>PokerStars&#8217; parent organization, Amaya, disclosed a 12% revenue surge for the quarter, disregarding currency exchange impacts. This expansion was chiefly fueled by a 13% climb in online gaming revenue generated from real money wagers.<\/p>\n<p>However, real-money poker constituted a reduced segment of the total revenue distribution this quarter, reaching 78% compared to 93% during the corresponding period last year. This underscores Amaya&#8217;s ongoing endeavors to broaden its offerings beyond poker.<\/p>\n<p>Casino and sportsbook revenue exhibited robust expansion, leaping 14% year-on-year and currently representing 17% of overall revenue.<\/p>\n<p>The residual revenue originated from other sectors, encompassing social gaming, virtual currency games, live poker tournaments, branded poker platforms, and daily fantasy sports.<\/p>\n<p>&#8220;Throughout 2015, we effectively implemented our strategy to diversify our enterprise while upholding our market-leading position in poker,&#8221; stated David Baazov, Chairman and CEO of Amaya.<\/p>\n<p>Despite encountering obstacles from currency exchange rates and product launch difficulties, Amaya attained positive growth on a constant currency basis. Baazov conveyed optimism that the company&#8217;s 2016 investments and endeavors will reinforce its standing as a frontrunner across numerous gaming verticals.<\/p>\n<p>Looking forward, Amaya projects preliminary revenue for the initial two months of 2016 to be roughly $189 million, signifying a 4% year-over-year increase. When accounting for currency fluctuations, this figure escalates to $208 million, reflecting a 14% growth.<\/p>\n<p>The company anticipates real-money online poker to contribute 75% of this revenue, while online casino and sportsbook are forecasted to collectively generate 21%. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PokerStars&#8217; parent organization, Amaya, declared a $25.9 million net deficit in 2015. This represented a substantial decrease from their 2014 earnings of $125.2 million. Nevertheless, [&#8230;]<\/p>\n","protected":false},"author":75,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PokerStars<\/title>\n<meta name=\"description\" content=\"Despite a net deficit in 2015, PokerStars\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amaya Reports Mixed 2015 Results, Highlights Growth in Casino and Sportsbook Revenue\" \/>\n<meta property=\"og:description\" content=\"Despite a net deficit in 2015, PokerStars\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Enthusiasts Unite for Secure &amp; Licensed Fun\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T09:25:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:43:24+00:00\" \/>\n<meta name=\"author\" content=\"Willow &quot;Whisper&quot; Burgess\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Willow &quot;Whisper&quot; Burgess\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/\",\"url\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/\",\"name\":\"PokerStars\",\"isPartOf\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#website\"},\"datePublished\":\"2024-06-11T09:25:44+00:00\",\"dateModified\":\"2024-06-12T07:43:24+00:00\",\"author\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#\/schema\/person\/2ecb9051b5c5bac74d14632ad4e654db\"},\"description\":\"Despite a net deficit in 2015, PokerStars\",\"breadcrumb\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/amaya-reports-mixed-2015-results-highlights-growth-in-casino-and-sportsbook-revenue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Amaya Reports Mixed 2015 Results, Highlights Growth in Casino and Sportsbook Revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#website\",\"url\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/\",\"name\":\"Where Casino Enthusiasts Unite for Secure &amp; Licensed Fun\",\"description\":\"Unleash your gambling potential with our up-to-date news, comprehensive reviews, and expert articles. 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