Amaya Gaming Announces Record 2014 Financial Results
The Canadian based gaming giant Amaya Gaming has announced a record set of financial figures as part of their results reporting for the year of 2014.
Boosted by the performance of its business to customer poker operations, Amaya Gaming achieved revenue during 2014 amounting to $668.2 million, which was a massive increase from the 2013 revenue figure of $145.9 million which Amaya had reported for the previous year.
A large part of Amaya’s 2014 financial success can be attributed to the aforementioned poker operations which received a significant boost when the Canadian company acquired Rational Group, which brought with it the well-known poker brands Full Tilt and PokerStars.
Analysis Of Amaya’s 2014 Earnings
Amaya’s adjusted earnings before amortisation (EBITDA), depreciation and tax considerations were taken into account were recorded at $292.7 million, which was a rise of $62.6 million from 2013 figures.
2014 adjust net earnings for Amaya came in at $145 million, with significant improvement in the area of net earnings from continuing operations noted ,with a 2013 loss of $4.8 million turned around into a positive financial gain of $57.2 million for the year of 2014.
Amaya’s Fourth Quarter Star Performer
The fourth quarter of 2014 was without doubt the financial star performer for Amaya due to the aforementioned expansion of its poker operations.
October to December 2014 saw a significant jump in revenue which managed to make a mighty climb from the $37.1 million which was recorded in the fourth quarter of 2013 to a remarkable $368.6 million for the fourth quarter of 2014.
A further break down of Amaya’s fourth quarter figures reveals a $154.7 million adjusted EBITDA figure, which had climbed from the $16.7 million figure which was recorded during the same perios of 2013, and an adjusted net earnings figure which came in at $85.7 million for the fourth quarter of 2014.
Comment From Amaya Gaming
David Baazov, who acts in the position of Chairman and Chief Executive Officer at Amaya Gaming, was in a buoyant mood with the announcement of the full 2014 figures, and has stated that he believes Amaya is now potentially in the position to challenge the $1 billion revenue mark for the upcoming full year of 2015.
Mr Baazov has also outlined what we can expect from Amaya Gaming in 2015 and beyond, with the gaming giant now considering similar courses of action to its successful poker operations expansion, with fantasy sports games, online casinos, social gaming and sports betting now in Amaya’s sights.
