Key Takeaways
- Amaya has released a note giving its expectations of its second quarter earnings and explaining proposals to carry out a debt refinancing operation to reduce interest charges.
- The note confirms the full year revenue expectations given with its first quarter results of between CA$1.446 billion to CA$1.564 billion.
- Online casino revenues have “almost doubled” compared to the first quarter of the year.
- In order to reduce the total debt load and interest costs incurred from the loans Amaya took on to buy PokerStars and Full Tilt, the company has engaged four major investment banks to arrange new financing.
- Amaya “believes that the Refinancing will reduce certain debt service costs, including interest costs, and will thereby strengthen Amaya’s cash flow generation, liquidity and leverage profile.”
Amaya has released a note giving its expectations of its second quarter earnings and explaining proposals to carry out a debt refinancing operation to reduce interest charges.
