Amaya: PokerStars, Full Tilt Have About 71 Percent Of Online Poker Market
According to Amaya, PokerStars has comprised 68 percent of the online poker market in 2015, while Full Tilt has controlled 3 percent.
That company said that the number of registered customers was roughly 97 million as of Sept. 30, 2015, representing a roughly nine-percent increase year-over-year. About 2.2 million of those customers played for real money during the third quarter of this year.
PokerStars and Full Tilt received approval from New Jersey regulators about five weeks ago to eventually operate online gambling in the state. Amaya said that it spent roughly $2 million on the application process in the Garden State. David Baazov, CEO of Amaya, said that the launch in New Jersey will come sometime in the first half of next year.
As of around 3:30 p.m. EST, Amaya’s stock was down more than 30 percent on the day to roughly $15.30. The company said that its overall revenue was as much as $225 million less than expected.
It said that “the general strengthening of the U.S. dollar relative to certain foreign currencies, primarily the Euro,” the “recent strategic decision to delay the rollout of significant aspects of our new online sportsbook offering across geographies while we enhance the consumer product experience” and the “temporary cessation of our operations in Portugal and Greece” were to blame.
Source: Cardplayer.com