Amaya Inc revenue soars with PokerStars, net loss grows to $26.7 million

Canadian poker ace Daniel Negreanu. Amaya Inc. says it had a $26.7-million net loss and $368.6 million of revenue in the fourth quarter, largely because of its acquisition of PokerStars.

MONTREAL – Amaya Inc. says it were built with a $26.7-million net loss and $368.Six million of revenue within the fourth quarter, both up substantially from the year earlier, mainly due to the Montreal-based company\’s acquisition of PokerStars.

Amaya\’s revenue was nearly Ten times higher than the $37 million recorded a year earlier while its net loss involved four times greater than the $6.8 million recorded within the fourth quarter of 2013.

Excluding items and discontinued operations which have been sold or are on the market, Amaya had $85.7 million in adjusted net earnings, up from $11.A million in the fourth quarter of 2013.

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