Strong Q2 Performance for Amaya Gaming Group
Amaya Gaming Group, the Montreal-based entertainment solutions provider,
posted its numbers for the second quarter of 2012, up to June 30, 2012, which
showed a staggering revenue growth of 285%.
The massive growth was attributed by the company to a number of important events during the period, including the acquisition of top online gambling software vendor Cryptologic, which meant incorporating the company's games and partners into its own network.
In the second quarter, Amaya and Cryptologic extended the contracts with four existing customers, namely Ladbrokes Plc, BetClic Everest Group, Betsson Malt and the Belgium group, Circus Services.
Amaya will launch at least 10 of Cryptologic's award winning games on Ladbrokes' platform, adding to the two games which the site already carries.
At least eight games will be launched through the BetClic Everest group's gaming sites, while the ten gaming sites in the Betsson Malta group will have access to Cryptologic's portfolio of over 100 casino games.
One of Belgium's first regulated online casino, to be operated by Circus Services, will also offer some of Cryptologic's branded games.
Cryptologic Launches Three Slot Games
Amaya Gaming also announced that Cryptologic launched three new slot games during the last quarter, namely Fire Flies slot, Captain Nemo slot and Monte Cristo slot.
The games will go live at InterCasino.com at first, but will eventually be available at other licensees during the course of this year and next.
Strong Revenue Growth for Amaya Gaming
The President and Chief Executive Officer or Amaya Gaming Group, David Baazov commented on Amaya Gaming Group's Q2 performance and said: "We continue to deliver very strong revenue growth achieved both organically and through acquisition. The successful implementation of our growth strategy has led a larger and more diversified customer base, as well as a more comprehensive product offering that improves our competitive position."
"Our recently completed financing provides us the resources to continue to execute and pursue some significant opportunities available in our industry," he added.
The second quarter of 2012 saw revenues of $14.548 million - a growth of $10.77 million or 285% (compared to $3.77 million in Q2 2011).
Cryptologic said that this big jump was the result of the sale of its proprietary Mosina gaming system, where it deployed over 800 gaming terminals, bringing the worldwide total to over 4,660 units.