Breaking News Instant updates and real-time market news.

AYA

Amaya

$15.49

-0.38 (-2.39%)

08:22
10/18/16
10/18
08:22
10/18/16
08:22

Amaya expects Q3 to demonstrate improving strength of PokerStars' business

"We anticipate our third quarter performance will continue to demonstrate the improving strength of PokerStars' core poker business, as well as continued growth in our new verticals of online casino and sports betting," said Rafi Ashkenazi, CEO of Amaya. Real-money online poker revenues and real-money online casino and sportsbook combined revenues are expected to represent approximately 73% and 24% of expected total revenues for the quarter, respectively, as compared to 81% and 15% for the prior year period. Expects Q3 total combined QAUs of 2.4M, which would represent an increase of approximately 5% year-over-year. Approximately 2.3M of such QAUs played online poker during the quarter, which would represent an increase of approximately 3% year-over-year, while Amaya's online casino offerings had approximately 490,000 QAUs and its emerging online sportsbook offerings had approximately 230,000 QAUs. Expects Q3 total QNY of $110 to $111, which would represent an increase of 4% to 5% year-over-year. QNY is a non-IFRS measure.

AYA Amaya
$15.49

-0.38 (-2.39%)

03/23/16
DESJ
03/23/16
DOWNGRADE
DESJ
Hold
Amaya downgraded to Hold from Buy at Desjardins (pre-open)
Desjardins downgraded Amaya to Hold from Buy pending clarity on insider trading charges against the CEO and other individuals at the company and its potential impact on the possible bid by the CEO to take the company private.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.