Canada’s Amaya Gaming Group said Tuesday that it remains on course to generate full year revenues of between CAD$156m to $167m following a strong first quarter performance which saw revenues soar 496 per cent to $38.1m.

The company said that the revenue increase was primarily attributable to software licensing fees from CryptoLogic and Ongame, as well as participating agreement revenues from Cadillac Jack.

“We're extremely pleased with the substantial positive cash flow generated from our operations in the first quarter,” said Amaya president and CEO David Baazov.

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