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NYX Gaming Group Q1-2016

ANOTHER STRONG QUARTER FOR NYX GAMING
 
Key operating parameters all performing well.
 
NYX Gaming Group Limited has released its financial and operating results for the first quarter ended March 31, 2016, highlighting a number of key advances:
 
* Revenue of Cdn$18.8 million or 88.7 percent growth year-over-year;
 
* Organic Revenue excluding acquisitions of Cdn$13.1 million or 31.8 percent growth year-over-year;
 
* Royalty and License Revenue of Cdn$16.5 million;
 
* Gross Profit of Cdn$16.2 million;
 
* Adjusted EBITDA of Cdn$4.8 million;
 
* Signed 12 new OGS contracts, 1 letter of intent for OPS;
 
* Launched OGS content across 4 new client sites;
 
* Released 8 new games
 
"We are very proud that Q1 not only marks another strong quarter but is also a confirmation of our long-term strategy to be the leading provider of digital gaming content and technology worldwide.  Through our highly successful M&A activity, we have set in place the building blocks for our global business, and are now focused on realizing our full potential for the benefit of our customers and shareholders," said CEO Matt Davey in his report to shareholders.
 
Key events included:
 
* Acquisition of OP Topco (Openbet) for GBP 270 million - a highly transformative deal that completes NYXs portfolio of products and services, and solidifies NYX as a provider of B2B betting and gaming solutions in the global regulated gaming industry.
 
* The company signed 12 new agreements for its Open Gaming System and Open Platform System, including deals with PaddyPower, Marathonbet, and Telecinco.
 
* NYX signed a letter of intent with Netherlandse Staatsloterij/De Lotto to execute an agreement for the integration of digital gaming content and player account management via NYXs OPS.
 
* The company also successfully launched its OGS across four new client sites, in the regulated markets of Latvia, Belgium, and Denmark, whilst in Italy its subsidiary Game360 launched Sportsbook (IT) with Stanleybet and its bespoke product across two leading sites – Sisal and SNAI.
 
* On the content side, NYX released a total of eight new games.
 
* Unique game installations increased by 14 percent quarter-over-quarter.
 
* NYX reached an agreement to sell substantially all of its European poker business, operated within its Ongame division.  As part of the agreement, a partner with experience in the industry will take on all costs, customer contracts and development for the poker product.

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Gambling News :

2017 MPN Poker Tour - Main Event packages, worth €1,500, are available online and players can qualify via any of the MPN participating card rooms through a variety of satellites, with buy-ins starting as low as €0.25. Each €1,500 package includes:

Realistic Games in deal with Kindred Group - The UK-based online gambling games developer Realistic Games has signed a deal to supply its games to online operator Kindred Group, parent company of quality brands that include Unibet, Stan James and Maria Casino.

Opposition to Anti Online Gambling Bill in Congress Lame Duck Session - Action groups appeal to House Appropriations Subcommittee to ensure that RAWA style language is not attached to unrelated spending bill.

DFS banning bill Introduced in Illinois - The legislative season in Illinois may be drawing to a close, but that hasn't stopped a new bid to ban daily fantasy sports from being assigned to the House Executive Committee; whether there is sufficient time to pass the bill is a matter for speculation.

Cambodia To More Closely Control Online Gambling - Cambodia, where online #gambling is operated by licensed land casinos alone, and Cambodian punters are banned from participating, is to tighten monitoring, control and management of the activity by setting up a centralized server, a Ministry of the Economy official revealed this week in a media interview.

Jimei group distances itself from his Philippines activities - The move followed news that the Philippines authorities have issued a warrant for Lam's arrest on charges of economic sabotage and attempted bribery, according to local media reports. His investor visa privileges have already been withdrawn.

South Africa Land Casino Owners Still Feel Online Gambling is a Threat - The latest annual report of the #Casino Association of South Africa, a trade association for most of the country's land casino operators, continues to cite online gambling

Spinomenal Appoints Eduardo Tupper as COO - Israeli software developer, Spinomenal, has appointed former chief operating officer of Ortiz Gaming, Eduardo Tupper, as Senior Vice President.

Ninja Power Slot Launched By Slotland - I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.

WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? - The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.

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