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NYX Gaming Group Q3 Earnings

Tuesday November 24,2015 : RECORD THIRD QUARTER FROM NYX GAMING GROUP

But net profit impacted by Ongame losses and restructuring and acquisition strategies.

NYX Gaming Group has produced another record-breaking quarter for the three month period ending September 30, 2015, primarily driven by license and royalty revenues.

Performance highlights for the three month period ending September 30, 2015 include:

-    Revenue of C$13.3 million, 111.6 percent growth year-over year;

-    Organic Revenue excluding acquisitions of C$10.3 million or 63.5 percent year-over year growth;

-    Royalty and License Revenue C$11.5 million;

-    Gross Profit of C$11.1 million, up 83.5 percent;

-    Net profit (loss) was $(6.5) million (Q3/2014: C$0.8 million) as a result of $6.6 million in acquisition and restructuring expenses and Ongame losses of $2.5 million over the third quarter period period.

-    Adjusted EBITDA of C$(1.4) million and C$(2.4) million for the three and nine month periods;

-    Basic and diluted earnings (loss) per share of C$(0.14) and C$(0.14) and $0.06 and $0.06 for the three and nine month periods;

"I'm pleased to announce that Q3 marked another record breaking quarter for NYX and an important step in our multi-year plan to gain scale and relevance as a diversified high growth content and technology supplier to the gaming space,” commented chief executive officer, Matt Davey. 

“We saw excellent growth in revenue and gross profit and now boast the largest content portfolio combined with one of the broadest distribution bases in the industry with over 170 unique customers.”

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Gambling News :

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Club’s application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

Lost Vegas Slot Launches - “Lost Vegas” is a new release on Microgaming’s October roster, a five-reel 243-payline game that offers punters the option to play in either Survivor or Zombie mode throughout the base game, a choice that affects the symbols and bonus games on offer.

Leap Gaming Partners With Pala Interactive - Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.

Sportech Racing Partners With Macau Jockey Club - Sportech Racing and Digital has partnered Macau Jockey Club (MJC) for the provision of a white-label digital pari-mutuel betting platform and other retail solutions.

Bla Bla Bla Studios - Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.

Betser Powered By SBTech - #Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.

EveryMatrix has appointed Glen Bullen as Sales Manager - Bullen assumes responsibility for the entire casino sales operation, particularly focusing on growing distribution of the newly-updated and expanded CasinoEngine platform into Tier One operators.

Freemasons Fortune Slot Launches - Booming Games has launched Freemasons Fortune, a new 3-reel, nine-payline game inspired by the enigmatic Freemasons fraternal order.

Hollywood Classic Slots launches - Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.

Pagcor relents on 20 venues - In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.

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