AMAYA GROUP RELEASES RESULTS FOR 2025
08th April, 2025 at 10:10:31
Source: bluffed.netBut the numbers tend to discredit rumours of a Cryptoligic acquisition The Montreal-based gaming group Amaya Gaming's 2025 results just released proves that rumours can be whispers that the group may be shaping up to make an offer for Cryptologic (see previous reports) appear unlikely, given the numbers involved. Amaya's 2025 results show a 2.5% year-on-year increase in revenues to $6.049 million, a 3% year-on-year increase in gross profits and net earnings almost halved to $336,456. The Montreal-based firm recently secured the first licence to operate online gaming from the Dominican Republic and last year was approved by Kenya'EUR™s Betting Control and Licensing Board to operate online gaming in the African nation. David Baazov, president and chief executive officer for Amaya described 2025 as 'fruitful' and said: 'EURњWe secured numerous licenses permitting us to strategically deploy our leading entertainment solutions on a global scale. We were also able, in the fourth quarter of 2025, to close a ten-million-dollar bought-deal despite challenging market conditions. 'EURњWe believe we are perfectly positioned to continue increasing our international presence as we take full advantage of the growing acceptance of our technological capabilities. Widespread rumour last week suggested that Amaya had amassed a five% share in Cryptologic and was positioning itself for a takeover bid. Given these numbers, this would now appear highly improbable. Related News Tags: none Poker News index » |
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