August 2nd Poker news ... Poker Gamewinning at pokergamewinning.com
SPECTACULAR YEAR FOR AMAYA GAMING
Montreal-based and Toronto-listed online gambling group Amaya Gaming captured mainstream headlines Tuesday with an eight-fold increase in quarterly adjusted earnings, and an announcement that it intends to seek a secondary listing on Nasdaq.
Management advised shareholders that the company aims for growth in its core poker business (the Rational group acquired last year for $4.9 billion includes major online gambling companies Full Tilt and Pokerstars) through expansion into other areas such as sports betting, social gaming and fantasy sports.
"We anticipate the launch of sports betting in certain markets in the coming days with an expansion across the network to take place through the first half of 2015," said Amaya CEO David Baazov, adding that the execution of the companys growth strategy will be through both organic growth and acquisitions.
Amaya has made important changes that switch it from a business-to-business oriented enterprise to one focused on business-to-consumer.
Company management said the group anticipates providing an update on the status of its Nasdaq listing application in the near future, and will provide updates on plans for other B2B assets in the near future. These could include Amaya Alberta (rebranded from Chartwell Technologies) and Cryptologic. Amaya sold Ongame to NYX last year.
On Monday, Amaya revealed that it has agreed to sell its Cadillac Jack slot machine manufacturing subsidiary to AGM for Cdn$476 million; that news followed an earlier announcement that Amaya would offload its Diamond Game subsidiary through the Innovo IPO. (see previous InfoPowa reports).
Key financial results for the fourth quarter and the full year at Amaya included:
* Adjusted profits up at Cdn$85.7 million (Cdn$67 million), or 42 Canadian cents per share, in the fourth quarter ended December 31, from Cdn$11.1 million, or 12 Canadian cents per share, a year earlier;
* Quarterly revenue was up almost 10 times to Cdn$368.6 million, driven by record growth across its core B2C poker business;
* Full-year revenue came in at Cdn$668.2 million - very substantial growth year-on-year when compared to the corresponding period in 2013 when the company recorded Cdn$145.9 million;
* Adjusted FY EBITDA of Cdn$292.7 million (FY 2013: Cdn$62.6 million);
* Adjusted earnings of Cdn$154.6 million, up from Cdn$16.7 million;
* Sales and marketing costs massively increased from 2013's Cdn$2.8 million to Cdn$63 million in 2014;
* In the UK, the company anticipates that the impact of point of consumption tax is likely to be Cdn$45 million in 2015;
* Plans well advanced to launch full suites of online casino games at Full Tilt and Pokerstars before mid-year;
* Amaya hopes to achieve licensed status in New Jersey within the next few months, and continues to lobby for regulated online poker in Pennsylvania and California.
* Estimated revenues for 2015 could significantly exceed Cdn$1 billion.
Amaya confirmed Tuesday that its PokerStars sportsbook, currently in beta-test format, accepted its first sports wager Tuesday.
GERMAN ACE IS ONLINE POKER'S BIGGEST 2013 WINNER
The independent high stakes online NFL Odds poker monitor, High Stakes Data Base, reported on the 2013 performance of top high stakes poker professionals on the Full Tilt and Pokerstars sites this week, singling out German ace Niklas ragen70 Heinecker as the biggest earner throughout the year.
Heinecker started the year at a leisurely pace but soon went into high gear, playing a total of 65,577 hands in 506 sessions against some of the most skilled, predatory and competitive players on the internet.
His opponents could have included feared and respected names like Alexander PostFlopAction Kostritsyn, Kyle cottonseed1 Hendon, Tom "durrr" Dwan and Viktor "Isildur1" Blom, among many others.
Heinecker, who came in sixth in 2012 with only a sixth of his earnings this year, was streets ahead of his nearest rivals in the top three spots.
Ben "Bttech86" Tollerene was his closest competitor, playing 1,358 sessions to amass annual winnings of $2.99 million across 117,730 hands.
Third-placed Alex "Ireadyoursoul" Millar won $2.03 million in 300 sessions and 32,976 hands.
The HSDB reports that $4.19 million of Heinecker's winnings came from draw games, with the rest from NLHE action.
The biggest winner of 2012, Ben Sauce1234 Sulsky, underperformed in 2013 and ended up as the sixth-biggest loser. He played 64,259 hands in 597 sessions and ended the year down $1,473,088.
But the biggest losers in 2013 took a scary hammering and were led by the unfortunate Gus The Great Dane Hansen in his second year of featuring prominently on the "biggest loser" list.
Hansen ended the year $8,461,472 down despite playing 171,743 hands in 1,627 sessions and losing double his total loss of around $4.2 million suffered in 2012.
He now holds the dubious honour of online poker's all-time biggest loser at $14.89 million, a world apart from the all-time biggest winner, Phil Ivey, who can boast earnings of $19,24 million despite a bad 2013 in which he is down $2.44 million over the year.
The other two players on the "biggest losers top three" list were "MalACEsia", who was down $3.77 million after 42,742 hands in 292 sessions, and "samrostam" who played in 757 sessions for 82,945 hands but lost $3.46 million in 2013.
Biggest pot of the year was probably recorded in February 2013 when "patpatpanda" took down a $552,883 monster playing in a $250/$500 Pot-limit Omaha game. Over the year that win saved him sinking further down the loser list, but he was on it nevertheless.