Amaya Reports A Positive Second Quarter And Half-year

CEO David Baazov characterises the year so far as "exciting" and one of growth

Online gambling group Amaya Inc., has posted positive second quarter and half-year 2015 results to end June, reporting a period of growth, with the following highlights:
* H1-2015 revenue grew to $656.9 million (H1-2014: $624.7 million;
* Adjusted EBITDA in the period reached $279.5 million (H1-2014: $248 million;
* Adjusted net earnings rose from $170.4 million last year to $138.9 million in H1-2015;
* EPS at US cents 85 (H1-2014: US cents 69;
* Second quarter revenue rose to $319.6 million from Q2-2014's $289.3 million;
* Adjusted EBITDA over the quarter was $138.2 million (Q2-2014: $111.8 million);
Commenting on the results, CEO David Baazov characterised the company's performance as "exciting", with the core online poker business strong, and customers embracing the diversification into other verticals.
"We've completed our transition to a pure business-to-consumer technology company having finalised the divestiture of our B2B businesses," Baazov said.
"We substantially reduced our leverage and improved our financial condition. Since the acquisition of our B2C business, we've repaid approximately $529 million of our long-term debt, thereby eliminating an estimated $62 million of related interest expense."

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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