BUZZ-Amaya Inc: Cuts 2015 forecast on strong U.S. dollar

Tue Nov 10, 2015 12:21pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian gaming company's shares down 28.7 pct at C$22.25; hit year low of C$20.22 in earlier session

** Company cuts 2015 forecast due to strong U.S. dollar, financial headwinds in Portugal and Greece, and postponing of the launch of its sportsbook

** "The global decline in currencies, relative to the U.S. dollar, continues to have a significant impact on our revenue," CFO Daniel Sebag said in a conf. call

** Company also reported lower-than-expected Q3 results, hurt by 3 pct fall in number of unique customers who played a real-money online game

** Up to Monday's close, stock had fallen 5 pct this year