Amaya Gaming Reports Top Revenues in 2014 Boosted by B2C Business

Amaya is looking to expand by including sports betting, casino, social gaming and daily fantasy sports in its operations.

Amaya Gaming, a stalwart name in online gaming told UK gambling news reporters that in 2014 its revenues soared from $145.9 million to $668.2 million. The company said that it was due to the success of its main B2C poker business and to a significant expansion undergone during the fourth quarter of the year. Amaya’s prosperous core poker business is to be supplemented by expansion into other areas of gaming including luxury casino, online.

Adjusted earnings before tax, depreciation and amortization (EBITDA) rose to $292.7 million from $62.6 million over a one year period. Also, adjusted net earnings shot up to $145 million. Net winnings from continuing operations rose out from the red and amounted to $57.2 million. In 2013 Amaya had reported a loss of $4.8 million.

3 month impressive hike in revenue last year

Amaya also divulged that overall revenue skyrocketed to $368.6 million from October to the end of the year 2014, from the dismal $37.1 million it had reached in the last quarter of 2013. Regulated EBITDA increased from $16.7 million to $154.7 million. Nevertheless, Amaya did experience a loss of $7.5 million in comparison to a negative number of $523,000 in the related Q4 2014.

Amaya acquired Rational Group and its PokerStars and Full Tilt online poker brands which operate under UK gambling laws in 2014. These are said to be the driving force behind the success. David Baazov, Amaya chairman and chief executive officer said “As our B2C business is Amaya’s core growth platform, we have initiated a process to identify opportunities to divest our B2B assets, with the aim of facilitating their future growth and maximising value for Amaya shareholders”.