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MONTREAL — Amaya Inc. is raising its estimate for 2016 adjusted net earnings by about six per cent, citing better-than-expected results in the fourth quarter, helped by its casino games and a successful relaunch in Portugal.

“We anticipate that 2016 will be a record year of revenues for Amaya,” said CEO Rafi Ashkenazi in a statement.

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Amaya’s stock was up 3.16 per cent at $18.30 in morning trading.

The Montreal-based company — which owns PokerStars and other online gambling sites — says it now estimates 2016 adjusted net earnings will be between US$364 million and US$374 million.

Its previous estimate for full-year adjusted net earnings, in U.S. dollars, was between $344 million the $354 million.

The new estimate for adjusted net earnings per share is between $1.87 and $1.92 — up from the November estimate of between $1.78 and $1.83 per share.