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PokerStars reports $567.9 million in revenue for first half of 2014

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Garfed   Malta. Oct 25 2014 12:48. Posts 4818

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, and introduced an exciting new poker game that has proved very popular on Full Tilt and which was recently launched on PokerStars.”

In the same report we could also see that recently launched Spin&Go tournaments are a huge success for the company (over 7.5mln games played in first two weeks after the format was introduced).

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 Last edit: 25/10/2014 12:49

Garfed   Malta. Oct 25 2014 12:50. Posts 4818

This is quite a growth, and to be honest - I expect it to be probably way higher for the second half of 2014 due to multiple reasons: cutting of some major affiliates, spin and go tournaments, and recently introduced exchange rates for currency exchanges.


Santafairy   Korea (South). Oct 25 2014 13:20. Posts 2224

their first half of the year revenue went up by exactly 1 hansen bankroll coincidence??????

It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen 

mnj   United States. Oct 25 2014 21:04. Posts 3848

jesus fucking chirst


Trav94   Canada. Oct 26 2014 03:24. Posts 1785

Are they making more then they did in say like 2009/2010?


n00man   Bulgaria. Oct 26 2014 09:21. Posts 12

Are the biggest winners (poker players) make more then that?


devon06atX   Canada. Oct 26 2014 20:00. Posts 5458


  On October 26 2014 08:21 n00man wrote:
Are the biggest winners (poker players) make more then that?

c'mon man..


traxamillion   United States. Oct 26 2014 20:59. Posts 10468


  On October 26 2014 08:21 n00man wrote:
Are the biggest winners (poker players) make more then that?



They don't even make a small fraction of that. 5% or less would be my guess



So in 6 months they rake more than all combined holdings in player accounts. Lol. 50% of revenue is pure net profit... Yea rake is too high


n00man   Bulgaria. Oct 27 2014 06:45. Posts 12

I was just wondering how is it possible (according to Negreanu's statement), that the winners are making much more then the room itself.


Santafairy   Korea (South). Oct 27 2014 07:03. Posts 2224

i googled that statement after you failed to cite it and he wasn't talking about "the biggest winners" and it was in the context of spin and gos in which case it's not surprising the guy wearing a PS hat likes the spin and go format

It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen 

MadeInPolanD   Poland. Oct 27 2014 09:42. Posts 1383

JESUS SPEND MORE ON MARKETING AND LOBBYING FOR JOINED-WORLDWIDE PLAYERPOOL!

Make it rain$$$ 

n00man   Bulgaria. Oct 27 2014 10:28. Posts 12


  On October 27 2014 06:03 Santafairy wrote:
i googled that statement after you failed to cite it and he wasn't talking about "the biggest winners" and it was in the context of spin and gos in which case it's not surprising the guy wearing a PS hat likes the spin and go format


Oh sorry... checked it again after that post. Its sure says "the winners as a whole".
Which is strange thing if you think about it.


kyd   . Oct 27 2014 13:34. Posts 289

lol fuck Negranu, fucking livedonk pulling information out of his ass hoping people will believe him since he is such a nice guy. Fuck stars for the rake, and the spinngos. Micro stakes are so fucking "tough" to beat even when you are playing versus retards because of the rake. (lol 3,5$ 18mans rake anyone?) and even since the introduction of spinngos i play vs fucking regs all day long, like 18 players => 14 regs? no shit they are bad, but they are still regs ;o i dont want to play spin n goes but this is where the most fish went. fuck me gotta study more icm and beat the regs


sry guys im on tilt


Santafairy   Korea (South). Oct 27 2014 14:04. Posts 2224

I thought PS had the most competitive rake though

It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen 

VanDerMeyde   Norway. Oct 27 2014 14:38. Posts 5108

I wish pokerstars would work harder getting french/italians/spanish into the world pool again

:D 

player999   Brasil. Oct 27 2014 15:13. Posts 7978

All the winners combined probably made more than that, yes

Browsing through your hand histories makes me wonder that you might not be aware these games are possibly play money. Have you ever tried to cash out? - Kapol 

JonnyCosMo   United States. Oct 27 2014 17:50. Posts 7292

That is a shit ton of rake...

Everyone needs to see that you are king of the castle - PoorUser 

Rapoza   Brasil. Oct 27 2014 18:55. Posts 1612

--- Nuked ---

Pouncer Style 4 the win 

 



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