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US – NYX revenues climb by over 70 per cent due to OpenBet acquisition

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NYX Gaming generated second quarter revenue of C$61m, marking growth of 73.3 per cent year-over-year.

The surge in revenues was due to the OpenBet and Betdigital acquisitions in May 2016 although the company still had organic revenue growth of 50.6 per cent year-over-year, excluding the impact of the two acquisitions.

During the quarter the company launched OGS content across 13 new client sites, including Soft Swiss, JAXX, Sekabet, Casino Gran Madrid, and Goldbet and as of June 30, 2017, held development commitments with 36 customers that have not yet launched. It signed 18 new agreements for the Open Platform System and Open Gaming System.

NYX also launched 21 new slot games on the OGS platform including games with PokerStars NJ, a Stars Group brand in New Jersey, USA. This extends the Company’s long-standing partnership with The Stars Group as leaders in digital gaming in regulated territories.

“We saw positive momentum in the second quarter with sequential improvement in revenue, adjusted EBITDA, and adjusted EBITDA margin from the prior quarter,” said Matt Davey, CEO of NYX Gaming Group. “Our development pipeline remains strong and we continue to sign new customers at a steady rate, as our sportsbook, gaming, and content offerings are resonating with customers and driving scale and operating leverage in our business.”

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