Amaya’s revenues hit for 2016… the sky

23 Mar 2017
Amaya’s revenuesAmaya is growing stronger every day, their services and their brands are extremely successful and the Canadian gaming and online gambling operator has expectedly reported a fourth-quarter profit in its full-year 2016 results. The difference between the last year’s number and the one before, is massive. The company added more customers and cut costs and that made Amaya create great profits for 2016. Total revenue came in at $1.15bn, which means that the company had an 8% increase from the corresponding numbers in 2015. The company’s net income from continuing operations was approximately $45m compared with a loss of $15.2m the year prior. Rafi Ashkenazi, who is the Amaya Chief Executive commented on the matter: «Our proactive changes to the poker ecosystem and customer acquisition initiatives continue to reverse certain negative trends and we are starting to see organic growth in that business, our casino offering exceeded expectations as we introduced limited marketing campaigns and focused on our cross-sell efforts, and we continued to build and develop our sportsbook. The strong performance of our business has helped us to reduce our currency risk, lower our interest expense and accelerate the payment of the remaining amounts owed on our deferred payment obligation, all of which will allow us to continue pursuing our four strategic priorities. We expect to continue our 2016 momentum and execute on our strategy in 2017.».

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