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Amaya Rises as PokerStars Owner Shows Less Reliance on Poker

  • Full-year adjusted profit outlook surpasses analysts’ views
  • Focus shifting to other online casino games, sports betting
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Shares of Amaya Inc. rose after the PokerStars owner forecast better-than-expected 2017 profit as measures to stem a decline in the poker business paid off.

Adjusted earnings this year will be $1.94 to $2.13 a share , Amaya said Wednesday, surpassing the $1.91 seen by analysts. The forecast drove the stock up as much as 3.2 percent to $21.09 in Toronto, its highest intraday price since November.