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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 :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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