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Amaya predicts 2015 figures at ‘upper end’ of forecast

| By iGB Editorial Team
Amaya is expecting its financial results for 2015 to fall “within the upper end” of previously issued guidance.

Amaya is expecting its financial results for 2015 to fall “within the upper end” of previously issued guidance.

In a trading update, the group that owns both PokerStars and Full Tilt said that it expects revenue, adjusted earnings and adjusted net earnings to be at the top of forecasts announced in November 2015.

The Canadian firm at that time estimated that revenue would come in between C$1.29 billion (€870 million/$940 million) and C$1.34 billion, while earnings would range from $552 million to $572 million.

An Amaya statement read: “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.”

Amaya, which has yet to confirm the date of its audited results, posted revenue of C$668.2 million in 2014, with adjusted earnings at C$292.7 million.

Related article: Amaya commences trading on Nasdaq

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