PokerStars' parent company Amaya Gaming has stated that it expects to generate a record revenue for the 12 months through to December 31, 2016.
The company expects its revenues to be in the range of $1.15 billion (€1.08 billion) and $1.16 billion, compared to the $1.07 billion posted in 2016.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to be in the range of $521 million and $526 million, an improvement over the 2016 total of $459 million.
In addition, adjusted net earnings should fall between $364 million and $374 million, up from $291 million in 2015.
Rafi Ashkenazi, chief executive of Amaya, commented:
“We anticipate that 2016 will be a record year of revenues for Amaya; we also saw better than expected fourth quarter results from our casino offering, operational excellence program and a successful re-launch in Portugal, all while continuing to take an efficient and measured approach to marketing our product offerings.
“We built positive momentum in 2016 that accelerated throughout the year and which we believe was largely the result of the positive impact of our strategy to improve the poker ecosystem for recreational players and leverage our global competitive advantage in online poker to acquire new customers, cross-sell existing and new customers into our online casino and sportsbook offerings, and maximise the lifetime value of all of our customers.
“We expect to continue this momentum and execute on our strategy in 2017 despite anticipated further headwinds, including continued declines in the value of our customers’ local currencies against the US dollar, which has been significant over the past two years, and the previously announced potential cessation of our real-money online poker offering in Australia.
“We anticipate that certain operational initiatives, including the introduction of a new cross-vertical customer loyalty program, the potential expansion into new markets, our continued focus on achieving product parity in our online casino and sportsbook, and our operational excellence program, will help to both drive our business forward and mitigate these and future headwinds.”
In a sensational display, Brady Hinnegan took down the 2016 World Cup of Cards (WCC) main event for C$110,000 (US$83,530).
The event, hosted at the Playground Poker Club in Kahnawake, Canada, witnessed three days of action thanks a strong field of 359 players.
The C$1,650 buy-in Main Event, with a prize pool of C$522,345, had several notable poker players return home with a return on their investment. These included Marco Caza in 29th ($3,200), Kyle Janisse in 25th ($3,500), Rodney Ramalho in 22nd ($4,000), and Carter Swidler in 15th ($6,600).
Ten players made it to the final table, and after a series of eliminations, it was left for Brady to fight it out with Tomas Larivee Magni for the title.
Hinnegan came into the heads-up round with a 3:2 chip advantage over Magni. The final duel went as per script for the former and final had been played when Magni (Q-5) raised all-in on a K-Q-9-6-5 board.
Having hit a straight, Hinnegan (J-10) made the call to condemn Magi to a second place finish for C$78,000 (us$59,230).
Hinnegan finished the night with the biggest score of his career so far.
Final Table Results (C$):
1: Brady Hinnegan $110,000
2: Tomas Larivee Magni $78,000
3: Elie A $58,000
4: Laurence Louie $44,500
5: Karim-Olivier Kamal $34,500
6: Man Sze Chow $26,500
7: Philippe Belley $20,000
8: Kevin Rivest $14,495
9: Tyler Wilson $10,500
10: Ian Tang $8,100
US pro Seth Davies beat 416 other players to win the WPT Canadian Spring Championship main event for C$256,390 ($203,992) as first place prize.
The C$3,500 buy-in tournament was hosted at the Playground Poker Club in Kahnawake, Quebec with a prize pool worth C$1,294,368 ($1,029,843) up for grabs.
During the seven days of high-action poker, some of the players to walk away with a return on their investment included Andy Frankenberger in 48th (C$5,860), Jeff Gross in 45th (C$6,880), Darryll Fish in 41st (C$6,880), Amir Babakhani in 31st (C$7,900), and Antonio Esfandiari in 24th ($10,330).
Six players made it to the final table and after a series of eliminations Seth Davies and Ruben Perceval remained to fight it out for the title. Davies held a 6,780,000 to 5,680,000 chip advantage over Perceval as the two collided in the heads-up round.
Final hand of this duel was played after about 90 minutes when Perceval (8-7) went all-in on a 10-9-4-7-5 board. Davies (K-10) made the call, which ended Ruben's hopes of a win. He had to settle for a second place finish for $180,088 CAD ($115,598 USD).
Davis on the other hand took his live career earnings to $495,552. The 27-year-old's other notable performances have come at the WSOP Main Event where he finished in 123rd place for a $54,851 in 2001.
Final Table Payouts (US)
1: Seth Davies $226,893
2: Ruben Perceval $148,833
3: Joel Miller $95,512
4: Thomas Taylor $70,628
5: Guillaume Nolet $53,025
6: Tony Dunst $42,479
With the imminent launch of its play money poker app, Full Tilt Poker is set to become the first major player to make its mark on the Steam market.
With Steam’s approximately 125 millions players, Full Tilt will be looking to make a big impact in this market.
It has been reported earlier that the company sought approval from authorities for its app to be launched on the gaming platform.
Steam makes use of a “Greenlight” process to ascertain which games are going to be disseminated via its services. In order to get the green signal, Full Tilt needed a vote of confidence from Steam users.
Speaking about this latest development, Dominic Mansour, Managing Director at Full Tilt said:
“The opportunity to introduce our game to the millions of players who make up the Steam gaming community is really important to us.
“We will be the first major online poker brand on the platform and the move underlines our strategic intentions to explore new avenues for our games,” he added, saying that the “Greenlight qualification process has been very interesting and has provided us with some excellent insights into the wider gaming community.”
The company is pretty certain of its app being distributed to Steam users come the end of 2015.
After being greenlit by Steam, one can understand that Full Tilt could be looking to diversify and make an attempt to reach out to a newer audience.
The alterations to its product as well as changes to the VIP program appear to be in line with a new direction that the company is set to take in the New Year.