TSXV:NYX.DB - Post Discussion
Post by
stocksnbonds on May 12, 2017 6:01pm
AYA casino results.....
https://www.forbes.com/sites/darrenheitner/2017/05/12/why-poker-has-little-to-do-with-amayas-strong-first-quarter/?utm_source=yahoo&utm_medium=partner&utm_campaign=yahootix&partner=yahootix&yptr=yahoo#204ae8695dcb
Breaking down the sources of Amaya's revenue provides proof for a prior claim that the company may be focusing a bit less on its dominant poker product and more on its real-money online casino ventures as well as its growing sportsbook. It is a sincere strategy shift away from having poker be the dominant driver of revenues to diversification with added emphasis on sportsbook and real-money online casino operations.
Real-money online poker revenues and real-money online casino and sportsbook combined revenues represented approximately 68.9% and 27.3% of total Amaya revenues for the quarter, respectively. In the first quarter 2016, poker made up 75% of the revenue as compared to real-money online casino and sportsbook satisfying 20.8% of overall revenues. It is immediately evident that poker is becoming a lesser priority for Amaya.
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