Amaya Gaming’s revenue from poker on PokerStars and entire Tilt within the first quarter of 2016 fell 11 percent in comparison to the similar period a year ago, in step with the company’s Q1 earnings presentation released Monday.

Revenue from poker was $216.4 million from the primary three months of the year, down from $242.8 million a year prior. Total company revenue grew to $288.7 million, up six percent from $272.3 million in Q1 of 2015. Poker revenue as a percentage of Q1 total revenue fell from nearly 90 percent last year to 75 this year.

The company’s brands control roughly 71 percent of the global online poker market.

Amaya’s casino and sportsbook revenue grew 267 percent year-over-year to $60.1 million.

A whopping 64 percent of its revenue came from the european. The Americas represented 13 percent.

In the United States, PokerStars is purely available within the state of latest Jersey. Amaya launched the PokerStars platform within the Garden State on Mar. 21.

“Poker revenue [was] lower year-over-year because of customers fidgeting with a smaller deposit base during Q1 2016 versus Q1 2015, a decline in activity on Full Tilt and cannibalization from casino,” the corporate said.

Full Tilt and PokerStars merged player pools this month. Along with that move, Amaya plans to grow poker by “continu[ing] to innovate and reinvigorate the sport with an emphasis at the recreational player.” It's also anticipating with the ability to re-launch PokerStars in Portugal later this year.

Amaya said that poker revenue in April was $73.6 million, which was nearly unchanged year-over-year. PokerStars accounted for 46 percent of recent Jersey online poker revenue in April.

Another interesting figure within the earnings report was that Amaya spent $3.35 million on lobbying and legal expenses within the Usa in Q1 2016, down from $4.09 million within the first quarter of 2015. Along with pushing for online poker in California, Amaya is lobbying for legalized online gambling in Michigan.

Read More... [Source: CardPlayer Poker News]