Interactive
US – NYX celebrates first quarter revenue growth of 199.8 per cent
By Phil - 1 June 2017
Having bought OpenBet and Betdigital in May 2016, NYX Gaming was able to deliver first quarter revenue growth of growth of 199.8 per cent year-over-year with the combined total of C$58.9m.
There was also organic growth though with revenue growth of 17.3 per cent year-over-year, excluding the impact of OpenBet and Betdigital acquisitions.
“With our new operating model in place, we’re pleased to report growth in revenue and Adjusted EBITDA from the prior quarter and the prior year period,” said Matt Davey, CEO of NYX Gaming Group. “Our customer development pipeline remains strong, and we are focused on profitable growth through our product led strategy with targeted R&D investment in sportsbook, gaming, and content technologies.”
During the first quarter of 2017, NYX Gaming Group signed 11 new agreements for OGS and OPS and successfully launched OGS content across six new client sites including Pokerstars Denmark, Rush Street, Nederlandse Loterij, MarathonBet, Luckia, and GVC Holdings.
As of March 31, 2017, the development pipeline remains strong as commitments were held with 28 customers that had not yet launched. As of May 23, 2017, NYX Gaming Group has signed three new deals and launched two new clients since March 31, 2017.
In addition, the number of unique game installations across the Company’s distribution network grew to 34,933 at the end of the first quarter of 2017, an increase of 94.2% and 16.5% from the first quarter of 2016 and the fourth quarter of 2016, respectively.
In April 2017, NYX was named Casino Platform Supplier and Best Platform Supplier at the 2017 EGR North America Awards and iGaming North America Awards, respectively. The awards acknowledge the Company’s position as the industry’s market-leading gaming offering, through the Company’s OGS and OPS platforms, which allow licensees to leverage the best-of-breed multi-vendor casino content from around the world.
