Amaya: PokerStars, Full Tilt Have About 71 Percent Of Online Poker MarketMarket Share Growing For I-Gaming Giant |
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Amaya Gaming, owner of PokerStars and Full Tilt, had a conference call Tuesday to discuss its financial results for the third quarter of 2015. The company revealed some interesting figures and commented on the eventual launch of its online poker products in Atlantic City. The information came just days after PokerStars announced major changes to its VIP rewards program.
According to Amaya, PokerStars has comprised 68 percent of the online poker market in 2015, while Full Tilt has controlled 3 percent.
That company said that the number of registered customers was roughly 97 million as of Sept. 30, 2015, representing a roughly nine-percent increase year-over-year. About 2.2 million of those customers played for real money during the third quarter of this year.
PokerStars and Full Tilt received approval from New Jersey regulators about five weeks ago to eventually operate online gambling in the state. Amaya said that it spent roughly $2 million on the application process in the Garden State. David Baazov, CEO of Amaya, said that the launch in New Jersey will come sometime in the first half of next year.
As of around 3:30 p.m. EST, Amaya’s stock was down more than 30 percent on the day to roughly $15.30. The company predicted its overall revenue could be as much as $225 million less than expected.
It said that “the general strengthening of the U.S. dollar relative to certain foreign currencies, primarily the Euro,” the “recent strategic decision to delay the rollout of significant aspects of our new online sportsbook offering across geographies while we enhance the consumer product experience” and the “temporary cessation of our operations in Portugal and Greece” were to blame.
Here’s a look at the Q3 2015 Earnings Presentation posted to the company’s site.
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