Amaya Q1 results - Rising blind games overtake cash games

Amaya Gaming has published the financial report of their 2015 Q1 results. Cash game revenues have dropped, while blind increase games, such as Spin & Gos are bringing in more than before.

Amaya Gaming, the owners of PokerStars and Full Tilt made a revenue of CA$340 million in Q1 of 2015, which means that 66% of the estimated revenue in the online poker market is Amaya's, which is a 4% increase from earlier.

In the past period, PokerStars was focusing on the blind increase games, twice as many gamesran than in Q1 2015 than in Q1 2014. 

PokerStars revenues mostly came from cash games, but those numbers have been steadily dropping, and by now rising blind games have taken over.

The most significant game from this category are Spin & Gos. David Baazov, leader of Amaya has stated that with the help of Spin & Gos, they have managed to get inactive players back to the game and lots of them have once again become regular players.

Baazov has also stated the importance of the recently introduced casino games.

"Even though our offering is currently limited, looking at March statistics, more than 20% of poker players have tried the casino, and on Full Tilt, which has had casino games for a longer time, this number is 33%."

94% of Amaya's income still comes from online poker and mostly from Europe, European Union players are responsible for 60% of the revenues.

In Q1 2,5 million new accounts have been registered at PokerStars and Full Tilt, the total amount of deposits has increased by 9%, but the number of active players has dropped by 2.6%. Amaya has stated that the reason for this is that many currencies have lost strength compared to the USD and many players are deliberating whether to deposit. 

Even though Amaya is in a big debt after purchasing PokerStars and Full Tilt, current revenues make it possible to redeem this debt without a problem. If all goes according to the plan, the sports betting segment and the full scale casino game offering will launch on every market by the end of the fourth quarter, which could result in further revenue increase.