NYX revenue improved significantly before OpenBet deal

Royalty and licence revenue was in fact listed as the main driver of growth, which was C$16.5m and NYX said it benefitted from a full contribution of acquisitions and four new customers launching during the period.

Another sizeable increase was achieved with gross profit, which rose 85% to C$16.2m and adjusted EBITDA virtually doubled to C$4.8m.

However, net loss went up 82% to C$9.1m, and this bracket has previously in part been put down to the acquisition of poker network Ongame from Amaya in November 2014, a loss-making business which is set to be sold to an undisclosed buyer.

The report has been released in the same week that NYX confirmed it has completed its £270m purchase of OpenBet, which was part-funded by William Hill (£80m) and Sky Bet (£20m).

NYX’s combined revenue with OpenBet for 2015 would have been over C$207m and OpenBet’s results will be part of the combined company results from the next financial report, covering Q2.

The NYX share price was down C$0.05 to C$2.55 on the TSX Venture Exchange on Thursday.

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David Cook

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David Cook served as an editor and writer for Gambling Insider from 2018 to 2020, where he played a central role in shaping the publication’s editorial direction. He oversaw the creation and implementation of the broader editorial strategy for Gambling Insider and its related publications, managing the production of 30 print magazines annually while also contributing to the management of GamblingInsider.com and a weekly digital newsletter.

During his tenure, David led the publication’s largest editorial team to date, guiding its expansion and ensuring consistent, high-quality output across all channels. He also hosted and helped launch the GI Huddle podcast, a project he was proud to bring from concept to reality.

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