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NYX Gaming Revenue Up

Wednesday April 27,2016 : NYX GAMING REVENUE AND GROSS PROFIT FLY HIGH

But results impacted by Ongame losses.

NYX Gaming Group Limited (NGG) almost doubled revenues in its latest fourth quarter and full year 2015 report hailing growing demand for its Open Gaming System (OGS) platform along with an increase in license and royalty revenues as its main growth drivers.

Fourth Quarter and Full Year 2015 performance indicators for the three months ending March 31, 2016 include:

-    Quarter 4 Revenue of CAD 18.4 million or 114.5 percent year-over-year growth (Q4/2014: CAD 8.6 million).  FY 2015 revenue rose to CAD 52.3 million, up 91.8 percent over 2014 (FY2014: CAD 27.3 million).

-    Organic Revenue (excluding acquisitions) of CAD 11.7 million or 36.9 percent year-over-year growth (Q4/2014: CAD 8.6 million);

-    Quarterly Royalty and License Revenue of CAD 15.8 million (Q4/2014: CAD 7.5 million); cited as one of its main growth drivers.  FY2014 royalty and license revenues of CAD 44.2 million (FY2014: CAD 22.6 million)

-    Quarterly Gross Profit of CAD 15.8 million;  FY2015 Gross Profit rose 50.1 percent to CAD 40.2 million (FY2014: CAD 26.8 million).

-    Quarterly Gross Profit margins were 86.2 percent (Q4/2014: 87.6 percent) and Full Year 2015 was 85.6 percent (FY2014: 88.3 percent).  The decrease in gross profit margins was largely attributed to an increase in third-party game generated revenues.

-    Quarterly net loss of CAD (10.7) million and FY2015 net loss of CAD (8.4) million; compared to CAD (8.3) million and CAD (7) million respectively.

-    The company attributed its net loss result to acquisition and restructuring costs, finance expenses and losses from its off-loaded Ongame poker network business, offset by a CAD 17.4 million gain from the acquisition of the Sportech joint venture.

-    Adjusted EBITDA was CAD 1.6 million and CAD (0.8) million for the three and twelve month periods compared to Adjusted EBITDA of CAD 0.6 million and CAD 6.1 million respectively during 2014.

-    Quarterly EBITDA was positively impacted by strong growth in revenues and reduced losses from the Cryptologic and Chartwell acquisition as the company realised benefits from its restructuring efforts. 

-    Ongame losses of $2.9 million and $11.1 million for the three and twelve months ended December 31, 2015 continue to negatively impact operating results.

"I am pleased to announce that 2015 was another outstanding and remarkable year for NYX.  We  achieved growth in both revenue and gross profit.  Our ongoing performance is a reflection of our ability to deliver content and technology services that meet the demands of the digital gaming industry. The momentum we gained from executing a robust strategy highlights our continued commitment to delivering long-term shareholder value," commented chief executive officer Matt Davey.



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MPN Poker Tour Malta Day 1A - The MPN Poker Tour has returned to Casino Malta this week, with a €150,000 guaranteed €500 + €50 Main Event running alongside a full complement of side events, parties and activities.

€8 million mobile jackpot win on Mega Moolah - Mega Moolah was hit on Tuesday 25 April 2017 by a Tipico player playing on their mobile device, just over a month after a €6.6 million jackpot was collected in March. The pay-out of €8,012,153.35 is the largest mobile jackpot win in history, superseding Microgaming’s pay-out in August 2016 of €7,968,311.26.

NHL Odds: Young Oilers Face Veteran Ducks in Round Two - Game Two in Anaheim (10:30 PM ET on NBCSN) features the first and second ranked teams in the Pacific Division during the regular season, with only two points separating them. The Oilers edged the Ducks 3-2 in regular season games, outscoring them by a slim 14-12 margin. This series will be close, and Game Two will decide who has the edge heading back to Edmonton.

BitStarz Casino pays out nearly $100,000 over 2 days - They say lightning doesn’t strike in the same place twice, but it did at BitStarz as yet another player lands a massive payout on an Amatic slot!

Americas Card Room Online Super Series Starts Now - The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).

New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

Finnish people prefer the government to run the casinos - Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.

New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

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