in Uncategorized

Amaya – sees results at upper end of guidance

images-4Amaya (NASDAQ: $AYA), parent company to the world’s biggest pokersite Pokerstars, today provided an update to its 2015 full-year financial guidance as previously announced on November 10, 2015.

Amaya currently expects Revenues, Adjusted EBITDA, Pro Forma Adjusted Net Earnings and Pro Forma Adjusted Net Earnings per Diluted Share to each fall within the upper end of the previously announced guidance ranges, and Adjusted Net Leverage Ratio to fall within the lower end of the previously announced guidance range.

According to the company, there were no material changes to the assumptions used to determine the previously announced guidance or the update provided in this release. Such update is based on unaudited expected results. All guidance ranges, except for Adjusted Net Leverage Ratio, which Amaya calculates in USD, are based on a guidance exchange rate of CAD1.26 = USD1.00. Adjusted EBITDA, Pro Forma Adjusted Net Earnings (including Pro Forma Adjusted Net Earnings) and Pro Forma Adjusted Net Earnings per Diluted Share, and Adjusted Net Leverage Ratio (including Adjusted Net Debt) are non-IFRS and non-U.S. GAAP measures. Amaya anticipates providing details for its full-year 2015 earnings release and conference call and webcast in the near future.

Yesterday, we could report that Amaya’s new sports betting brand BetStars could be off to a great start. As reported by www.igamingbusiness.com, William Hill is benefitting from its Australian Open sponsorship right now. William Hill generated an 80% year-on-year increase in betting turnover in Australia on the opening day of the Australian Open tennis grand slam event, of which it is an official partner. The overall rise, reported by the Sydney Morning Herald newspaper, was dwarfed by a 300% leap in in-play betting, and came despite comprehensive media coverage of match-fixing allegations against the sport.

As an eager follower of the international tennis circuit, we have noticed heavy advertising by Amaya ($AYA) owned Betstars, the new sports betting brand by the makers of Pokerstars, in connection with the TV broadcasting of the Australian Open in Europe. Eurosport, which has the broadcasting television rights for Europe is showing Betstars commercials in basically every break during and between the matches. Given William Hill’s success so far during the Aussie Open, it seems highly likely that Betstars sees a similar success.

In late December 2015, Amaya announced that its PokerStars brand has officially launched its new BetStars sports betting product via the domains Betstars.com, Betstars.eu and Betstars.uk, as well as iOS and Android apps. BetStars’ technology is supplied by UK software outfit Amelco, whose other clients include Betfair, William Hill and Mybet.

Nordic Investor

Related Posts

What is your opinion? Let us know