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Amaya confident of future growth despite Q1 loss

1st July 2011 9:47 am GMT

Following a 23 per cent decline in revenues, Canada’s Amaya Gaming Group has reported a net loss of CAD$1.8m for the first quarter of 2011, which the company said reflected the company’s investment in expanding and implementing its gaming solutions.

Revenues fell 23 per cent to $1.1m during the quarter, with $0.4m generated in Kenya through the launch of SMS lottery services in the country, while Germany contributed a further $0.7m.

Amaya said that the decrease in [...]

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