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Amaya Reports Good First Quarter Results; David Baazov Will Not Seek Re-Election

Revenues, EBITDA, and net income are all on the rise for Amaya Inc., the owner of PokerStars, the world's largest real-money online poker network, publicly released in its financial results for the first quarter of 2016.

Revenue for the group increased by a modest 6 percent from $272.3 million in the first quarter of 2015 to $288.7 million in the most recent quarter. The group notes that the increase in revenue would have been an even healthier 13.9 percent if not for adverse changes in foreign exchange rates.

While the revenue mix remains dominated by online poker, the figures show that Amaya is making inroads in other verticals as well.