Revenues rocket at Amaya, iGaming Business | Poker & eGaming News | Scoop.it

The Canadian firm declared that its gross profit for the initial three months of 2012 improved by 96 percent year-on-year to $6.13 million while general and administrative expenses rose by 358 percent when compared to the same period in 2011 to $7.70 million ‘driven by a growing employee base, fully staffed operations in Kenya, Uganda, Moldova, Armenia and the Dominican Republic, amortisation costs and charges associated with the termination of certain agency and employment agreements’.

 

Amaya spent $34.5 million in March to purchase online casino games developer CryptoLogic Limited and announced that it incurred $2.27 million of acquisition-related costs during the first quarter that encompassed underwriter and professional fees.