Industry Insight

Amaya

Amaya issued a guidance note for its 2015 full year earnings indicating that they would be in the upper part of the range announced in the Q3 results. Investors responded with a small boost to the share price taking it back above $10 on the NASDAQ.

Investors were also pleased that an Illinois court ruled that the company could not be sued for losses sustained by players as has happened in Kentucky. Amaya is appealing the Kentucky ruling which after tripling the loss amount resulted in a demand for $870 million.