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Amaya Reports Second Quarter 2015 Results

Tags: Amaya
Posted on Monday, August 17, 2015 by "T".
On Thursday, Amaya released the second quarter results for 2015. According to the report, revenues grew 10% to approximately $320 million compared to the same period last year. Online casino compromised about 11% of revenues, the rest of the revenues came almost entirely from poker.  "This was another exciting quarter for Amaya," said David Baazov, Amaya's Chairman and CEO. "Our core [...]   Read more » Amaya Reports Second Quarter 2015 Results

  17-Aug-15, 13:57   #1
Amaya Reports Second Quarter 2015 Results 0 
Heskor 
Joined: May '13
Location: Mauritius
Age: 25 (M)
Posts: 2659
Yeah all companies are making profit from gambling and all whereas good companies
are showing loss and all they are making and fighting for survival compare to the gaming business where they making a lot of money, anyway just 3 months left until the final year and the last account to be shown , and we will see such a huge profit from them i presume, anyway good luck, just hope they give good bonuses and all rather than keep for themselves!

     
  17-Aug-15, 14:22   #2
  0 
demodawggy 

Joined: Feb '12
Location: Canada
Age: 56 (M)
Posts: 5680
... Big Smile< Interesting.... I was watching the news on TV the other day, and an article about the NYSE came up,...and as I was watching it,...AMAYA INC went tickering across the crawler showing that it's up and making a good return....

Big Smile< That would make it a publicly traded company that any of us could buy shares in I believe...

Dollar Smile Dollar

     
  17-Aug-15, 14:46   #3
  0 
klash23 
Joined: Mar '12
Location: United Kingdom
Age: 38 (F)
Posts: 2243
This looks like a good return to Amaya,especially if they are paying off their debts as well.
I would love to know if they want the casino revenue to be much higher than 11% and how much they get from the spin and go side of the site.The CEO said..."customers have embraced non-poker offerings "....but if that was the case I would expect the revenue would be far higher than 11%.

     
  18-Aug-15, 09:28   #4
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 47 (M)
Posts: 5525
These are a very healthy set of figures and the gambling industry seems to be thriving. Throughout any recession, i think that the gaming firms always seem to stay pretty healthy

     
  18-Aug-15, 13:08   #5
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8623
well actually this says nothing- i don't see expenses, i don't see cashflow, i don't see net profit and comparison of those figures with the previous year (-s). sure hearing that they are repaying some of the long term debt sounds promising, but still what we have here is not the full picture.

     
  18-Aug-15, 14:57   #6
  0 
klash23 
Joined: Mar '12
Location: United Kingdom
Age: 38 (F)
Posts: 2243
Didn't Amaya join the NASDAQ a short while ago?I have just read a few reports about the company and Amaya seems to have their fingers in hundreds of pies it is hard to know what it actually owns.
I have even just read that the Canadian Hells Angels had bought stocks in Amaya before it took over Pokerstars.
Link http://business.financialpost.com/news/fp-street/amaya-...

------------
Didn't Amaya join the NASDAQ a short while ago?I have just read a few reports about the company and Amaya seems to have their fingers in hundreds of pies it is hard to know what it actually owns.
I have even just read that the Canadian Hells Angels had bought stocks in Amaya before it took over Pokerstars.
Link http://business.financialpost.com/news/fp-street/amaya-...

     
  19-Aug-15, 00:31   #7
  0 
crash58 
Joined: Oct '08
Location: Canada
Age: 58 (M)
Posts: 2423
Since it is a publicly traded company, then yes demo anybody that has enough money can buy shares, but i believe there in a min you can buy, you can't buy just one.lol
as for the hells angles buying shares, i can see that. bikers just are not in drugs alone some of them are business men and of course they would buy a good thing when they see it.

     
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