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Amaya offices are shown in this undated photo.

Ryan Remiorz/THE CANADIAN PRESS

Amaya Inc. says it had a $26.7-million net loss and $368.6-million of revenue in the fourth quarter, both up substantially from a year earlier – mostly because of the Montreal-based company's acquisition of PokerStars.

Amaya's revenue was nearly 10 times higher than the $37-million recorded a year earlier while its net loss was about four times higher than the $6.8-million recorded in the fourth quarter of 2013.

Excluding items and discontinued operations that have been sold or are up for sale, Amaya had $85.7-million in adjusted net earnings, up from $11.1-million in the fourth quarter of 2013.

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Its adjusted earnings were 42 cents per diluted share, up from 12 cents per share in the fourth quarter of 2013.

Amaya has made several deals, including a recent sale, that are transforming the company's focus to online games.

The company announced Monday it plans to sell its Cadillac Jack casino game business for $476-million. Last week, it announced that it will form a new public company called Innova Gaming Group that will own Diamond Game, which designs and develops gaims for the North American lottery sector.

The moves follow Amaya's US$4.9-billion deal last June to buy the world's largest online poker company, operator of popular brands PokerStars and Full Tilt Poker.

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