Amaya previews record 2016, bids goodbye to CFO Sebag

Canadian online gambling operator Amaya Gaming says its 2016 results were better than expected but the company is bidding goodbye to another top executive.

On Friday, Amaya released updated guidance on its FY 2016 financial results, pegging revenue to come in at the upper end of the previously forecasted range of (US) $1.153b to $1.158b, compared with FY15’s actual revenue of $1.072b.

Adjusted earnings are expected to fall between $521m and $526m versus $459m in 2015, while adjusted net earnings will come in between $364m and $374m, up from $291m the year before. Amaya will unveil its final audited 2016 results in early March.

Amaya CEO Rafi Ashkenazi said 2016 would be “a record year” for Amaya’s revenue, thanks in part to “better than expected” Q4 performance by its casino vertical and the “efficient and measured approach” to marketing spend.