Amaya releases predicted NJ launch date for PokerStars and Full Tilt
Amaya expects to launch its PokerStars and Full Tilt brands in New Jersey in the first half of 2016.
That was one of the highlights of Amaya’s financial report for the three-month period ended September 30.
David Baazov, Amaya president and CEO, said at a conference call that the provider believes Stars is “on its way back into additional US markets and beyond” and that he will provide a more detailed timeline in the near future.
It was announced in September that Amaya had been granted regulatory approval by the New Jersey Division of Gaming Enforcement, following Amaya’s application for a transactional waiver to operate in the state last year.
When asked about the chances of Amaya making future acquisitions, Baazov said: “There is nothing in the pipeline that we are looking to buy.”
Amaya acquired daily fantasy sports operator Victiv in August and relaunched it as Starsdraft in September, which followed its acquisition of the PokerStars and Full Tilt brands when it bought Oldford Group and its subsidiaries for $4.9bn last year.
Starsdraft’s real-money operations has since been removed from a majority of US states following a review of recent developments in a number of jurisdictions.
Amaya’s revenues for the period increased 8% year-on-year to CAD$324.7m and its adjusted EBITDA went up 8% to CAD$141.2m.
Poker amounted for a majority of its B2C revenues with $216m out of a total of $252m, and the B2C revenues total was down from $263m.
Adjusted net earnings amounted to CAD$90.5m, reflecting an upturn of 13%.
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