Amaya Gaming is the latest big name in casino development to post great financial figures lately, with their third quarter report reflecting 120% year on year revenue growth which has been described by the company as “immense”.
Revenue came in at $40.2 million for the third quarter, an increase from $18.3 million the year before. In the context of the full year, the first nine months of 2013 have brought Amaya’s revenues up to a record $115.5 million, by far exceeding their full 2012 revenues of $39.4 million.
David Baazov, CEO at Amaya, was unsurprisingly delighted with the results, commenting: “The third quarter and subsequent period has been immense for Amaya and our partners as we took our first steps into the US real money gaming market, our next major opportunity for growth in our online business. Our technology, content and services are supporting the launch of multiple web and mobile gaming portals operated by gaming operators with strong brands in New Jersey, which officially launched real money online gaming this week. Our footprint and partnerships with leading gaming operators and brands also presents us with the opportunity to grow quickly in the US as regulation evolves in other states.”
Indeed, being an early starter in the US market will undoubtedly see Amaya go from strength to strength. Thanksgiving alone saw more than 100,000 new gaming accounts registered in New Jersey alone, giving an early indication of the sheer appetite for online gaming in the US, particularly with New Jersey not necessarily being overly notable for gaming.
Delaware has also been in the news following recent regulation, and that market too has already seen millions of dollars wagered across both online and mobile channels. 2,800 residents signed up in the first month of regulation and wagered nearly $4 million between them, leading State Lottery Director Vernon Kirk to comment: “It’s been going very well. It seems encouraging, particularly the ability to continually and steadily add new registrants, new depositors every day.”
Predictions for massive revenue in the US are now turning into reality, with the likes of Betfair also noting good results without going into the specifics. We’ll have to wait until their next set of results to comment on the facts, although you can be sure about hearing about it first right here at Mr Gamez.
If you want to get involved with Amaya games, then you can find them at some big name operators, including BetVictor, Coral and Gala – check out our online casino reviews here on the site for everything that you need to know about these major players, including how to get up and running quickly.