Amaya to exit Australia, turns to India


Amaya Inc says it is “reviewing the applicability” of Australia’s new gambling bill, which proposes to outlaw online poker and casino.

According to an analyst call with Amaya CFO Daniel Sebag, reported by Calvin Ayre, the Amaya executive said the company plans to exit the market.

Amaya CEO Rafi Ashkenazi also said the company is planning to enter the Indian market as soon as 17Q1 or 17Q2.

Ashkenazi said the market’s purchasing power was “quite different” from Australia but annual revenue could total between US$80 million to $150 million.  

He also confirmed that discussions with potential local partners were already underway.