iGaming Business – Canadian gaming provider Amaya Gaming has been boosted by the news that its recently acquired online poker brands, PokerStars and Full Tilt, experienced significant year-on-year revenue and net income growth during the first half of 2014.

Amaya reported that Oldford Group, the holding company of the poker brands’ previous owner Rational Group, posted revenue of $567.9 million (€445.1 million) in the first half of 2014, up from $545.9 million in the previous year.

Net income jumped from $189.9 million in the first half of 2014 to $218.4 million in H1 of this year while net cash from operating activities amounted to $246.4 million, up from $207 million last year.

Earlier this year, Amaya completed the acquisition of Rational Group in a deal worth $4.9 billion.

On a combined basis, Amaya and Oldford Group generated total revenue of $627 million and net income of $245.2 million in the first half of 2014.

David Baazov, chief executive officer of Amaya, said: “We’re very pleased with the performance of PokerStars and Full Tilt in 2014.

(More)

Related Posts

Leave a Reply

Your email address will not be published.