Amaya Gaming Enjoys ‘Immense’ Third Quarter

Server and network-based gaming company Amaya Gaming has described its third quarter performance as ‘immense’ after it recorded 120% year-on-year revenue growth.

The firm posted revenue of $40.2 million (€29.5 million) for the third quarter of 2013, a figure significantly higher than the $18.3 million achieved in the corresponding period last year.

Adjusted earnings before interest, tax, depreciation and amortization also grew from $6.1 million in the third quarter of 2012 to $14.6 million in the latest quarter.

The latest results place Amaya’s revenue for the first nine months of 2013 at $115.5 million, a figure that is almost three times as much as the $39.4 million it posted at the same point last year.

Adjusted EBITDA is also up from $6.4 million in the first nine months of 2012 to $35.3 million this year.

“The third quarter and subsequent period has been immense for Amaya and our partners as we took our first steps into the US real money gaming market, our next major opportunity for growth in our online business,” Amaya’s president and chief executive officer, David Baazov, said.

“Our technology, content and services are supporting the launch of multiple web and mobile gaming portals operated by gaming operators with strong brands in New Jersey, which officially launched real money online gaming this week.

“Our footprint and partnerships with leading gaming operators and brands also presents us with the opportunity to grow quickly in the US as regulation evolves in other state.”

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