$218.4 Million in Net Income in First Half of 2014 For Owner of Pokerstars/Full Tilt PokerPublished on October 15th, 2014 10:23 pm EST
Earlier today, Amaya Gaming Group Inc. filed its Business Acquisition Report for their August purchase of Oldford Group, which is the company that owns Pokerstars and Full Tilt Poker, along with other assets.
One of the most common questions that people have regarding Pokerstars and Full Tilt Poker is: how much do they make? Well, today's Business Acquisition Report from Amaya will shed some light.
According to the report, Oldford Group recorded $567.9 million USD in revenues for the first half of 2014, up roughly $22 million from the same period in 2013. This works out to revenues of roughly $3.1 million per day.
Oldford Group reportedly posted $218.4 million in net income for the first six months of 2014, up from $189.9 million from 2013. This represents the company's profit for the first six months of 2014 and works out to about $1.2 million per day.
In addition, Amaya also revealed that Oldford Group reported net cash from operating activities of $246.4 million in the first half of 2014, up from $207 million in 2013.
In the press release that accompanied Amaya's Business Acquisition Report, the company trumpeted the recent successful launches of the "Spin and Go" as well as the recent debut of table games on FullTilt.com and Pokerstars.es. According to the press release, slots will be coming to Pokerstars.es in 2015.
Shares of Amaya were up 6.68% today, reversing a recent steep decline.
Source: Finance.Yahoo.com - Amaya Files Business Acquisition Report and Provides Business Update
Filed Under: Online Poker Rooms