Amaya Gaming Expands, But Ends 12 Months in the Red

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Amaya Gaming Expands, But Ends 12 Months in the Red

Montreal-based Amaya Gaming Group Incorporated, an entertainment solutions provider for the gaming industry, has released results that are financial an increase of simply below 292 percent in overall revenues for the final three months of 2012 to $37.19 million (Canadian).

The video gaming firm announced that its adjusted earnings before interest, income tax, depreciation and amortization for the fourth quarter of final year reached $16.74 million, showing a year-on-year enhance of around 391 per cent. However, the web profits of Amaya Gaming fell from the profit of $2.88 million for the exact same duration in 2012 to $711.309 at a negative balance.

Revenue and Loss

Amaya reported a general enhance of almost 316 per cent in revenues year-on-year to $76.43 million, and revealed total earnings of $23.11 million before interest, income tax, depreciation and amortization, but regardless posted an overall business loss of $7.11 million for 2012, increasing the deficit of $1.92 million of 2011.

‘ The past year has been transformational for Amaya,’ explained president and chief executive officer for Amaya Gaming, David Baazov. ‘We expanded dramatically in Europe by increasing the licensee base of our subsidiaries Chartwell and Cryptologic. Cryptologic went from a net loss in 1st half of 2012 to a significant contributor of earnings for Amaya Gaming by the end of 2012.’

He went to explain that Amaya Gaming also acquired gaming machine Read More

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