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PokerStars reports $567.9 million in revenue for first half of 2014
Posted by Defrag, October 25
Directors at Amaya Gaming are for sure happy after their newest and very expensive acquisition of PokerStars, which they paid $4.9bln for. Amaya just released their financial reports for the first half of 2014 and PokerStars/FullTilt combined made $706.5 million in combined revenues.

Those numbers are also higher then last years revenue: for the first half this year PS/FT made $567.9mln in revenues (compared to $545.9mln in 2013), $218.4mlnin net income (compared to $189.9mln in 2013) and $246.4mln in net cash from operating activities (again, up from $207mln in 2013). This is quite a heavy growth rate.
Amaya and Oldford Group(official owner of PokerStars and FullTilt) combined revenues for the first half of 2014 were $706.5 million and $276.3 million in net income.

They also spent quite a bit of money: $78.7mln to be exact. Combined player funds held on their accounts are worth $606mln in the first half of the year.

Amaya CEO David Baazov commented:“We’re very pleased with the performance of PokerStars and Full Tilt in 2014. The core poker business continued to grow during the first half of the year and recorded strong cash flow. More recently, we have broadened our rollout of casino, including into Spain, an...

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Featured Poker Blogs
PLOOOOO
Written by: longple, October 17
 
Hello guys.

Long time no see, 1 whole year to be specifik.

Im gonna try to keep this update short, but knowing myself it will prolly end up in some huge ranty sea of text. Ive mostly been "blogging" on this swedish forum pokerforum.nu, u can find my blog (its more like a mixx of a well+blog+thread) there (in swedish), its called "longple". And i thought its about time to make an update over here on whats been up in longplelife the past time

SNE 2013



So i made SNE 2013, and tryed to make it again 2014, but found myself ~mid2014 around june or so very fucking tired and unmotivated with NL, despite haveing a pretty good ~recent year 18-24 tableing midstakes NL on stars.

...

read entire blog(19 comments)



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