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Amaya revenue soars but US investments lead to 2013 net loss

1st April 2014 8:12 am GMT

Canadian gaming supplier Amaya Gaming Group has reported a net loss of CAD$29.2m for the full 2013 year, despite seeing revenue more than double during the year.

Revenue soared 102 per cent to $154.5m but was below the company’s previous guidance range of between $156m and €167m, primarily due to the decline in hosted casino revenue from WagerLogic which was sold subsequent to year-end.The increase in revenue was attributable to consolidating a full period of [...]

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