Amaya Gaming Expands, But Ends in the Red year

Amaya Gaming Expands, But Ends in the Red year

Montreal-based Amaya Gaming Group Incorporated, an entertainment solutions provider for the gaming industry, has released financial results showing an increase of simply below 292 percent in overall profits for the final three months of 2012 to $37.19 million (Canadian).

The video gaming firm announced that its adjusted earnings before interest, income tax, depreciation and amortization for the quarter that is fourth of 12 months reached $16.74 million, showing a year-on-year increase of around 391 per cent. However, the web earnings of Amaya Gaming fell from the revenue of $2.88 million for the period that is same 2012 to $711.309 at a negative balance.

Revenue and Loss

Amaya reported a general enhance of almost 316 per cent in revenues year-on-year to $76.43 million, and revealed total earnings of $23.11 million before interest, tax, depreciation and amortization, but regardless posted a business that is overall of $7.11 million for 2012, increasing the deficit of $1.92 million of 2011.

‘ The year that is past been transformational for Amaya,’ explained president and chief executive officer for Amaya Gaming, David Baazov. ‘We expanded significantly in Europe by increasing the licensee base of our subsidiaries Chartwell and Cryptologic. Cryptologic went from a web loss in initial half of 2012 to a significant contributor of earnings for Amaya Gaming by the end of 2012.’

He went to explain that Amaya Gaming also acquired gaming mac