Amaya Gaming Group, the creators of the DC Comics and the Marvel branded video slots Superman, The Hulk, The Fantastic Four and more, has released its financial results for the first quarter of 2013, showing a 292% increase in revenues compared to 2012’s and earnings of $36.92 million in just 4 months.

In 2012, Amaya Gaming embarked on an investment and expansion mission that saw them purchase the company Chartwell Technology, gaming machine supplier Cadillac Jack and software developer Cryptologic, the three acquisitions adding up to a net loss of $7.05 million.

Nonetheless, these purchases brought further benefits, eventually becoming a cornerstone of the company’s economic success.

David Baazov, President and CEO for Amaya Gaming, stated that the past year has been transformational for Amaya, emphasizing the company’s new focus on reinforcing its B2B platform and also on supporting different iGaming systems, including mobile platforms and poker networks. Baazov added:

We now have the technology to address the growing trend toward convergence in our industry, with operators increasingly looking to offer physical, virtual and mobile gaming products and experiences to their customers.

Amaya’s financial report shows that the company earned $75.88 million in revenues during the year of 2012  - before interest and tax deductions - showing a 316% increase compared to the results back in 2011; and the year 2013 looks even more promising.

To expand the company’s iGaming content, in October 2012 Amaya acquired the poker platform Ongame Network with an estimated value of €25 million, mostly used by top-grossing online casinos such as Betway, Betsson and Betsafe.

Amaya’s CEO commented: We expect to realize synergies from our acquisitions of Ongame and Cadillac Jack as we did with Cryptologic, including growing their respective customer bases in various jurisdictions.

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