Amaya Gaming Continues Growth Amid “Unexpected” Events

Amaya 2Rafi Ashkenazi, interim chief executive of Amaya, has said that the company was able to record year-on-year growth across a host of key finances during the three months through to March 31, despite having had to contend with a number of “unexpected challenges” in the period.

Revenue in the first quarter amounted to $288.7 million (€254.8 million), which represents an increase of 6% on the $272.3 million posted in the same period last year. Adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) was up 8.7% year-on-year to $123.4 million, with net earnings from continuing operations rocketing 138.5% to $55.5 million and adjusted net earnings also up 26% to $85 million.

Amaya also noted that diluted earnings from continuing operations per common share hiked 141.8% to $0.28, while adjusted net earnings per diluted share increased by 27.8% to $0.43.

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