Published

NYX net income up by over 1000%

Prov

NYX
ider NYX Gaming Group’s net income increased 1674% to $8.8m for the six months ended 30 June.

Revenue and gross profit both went up by 66%, ascending to $20.6m and $17.9m respectively.

Negative EBITDA of $1m was reported, in comparison with adjusted EBITDA of $3.4m for the corresponding period last year.

Earnings per share increased to $0.26 from $0.02.

In the second quarter of 2015 alone, net income increased 769% to $13.9m and revenue improved by 45% to $10.7m.

NYX completed its acquisition of the remaining 50% interest in Sportech-NYX Gaming from its joint-venture partner Sportech, a supplier and operator, and supplier Game360 Limited in May, as well as the acquisition of Amaya (Alberta) Inc., formerly Chartwell Technology Inc. and CryptoLogic from provider Amaya Gaming for an initial purchase price of $110m in July.

NYX CEO Matt Davey said: “I'm pleased to announce that Q2 was a very strong quarter for NYX, as we closed the purchase of Game360 and the buyout of our joint venture partner, Sportech, in New Jersey.

“This quarter, we have generated record revenues in our core business driven by the strong organic performance of our gaming products and are well advanced in our realisation of meaningful cost synergies from our recent acquisition of Chartwell and CryptoLogic.”

Premium+ Connections
Premium

Galaxsys

 
Premium

GammaStack

 
Premium

1xBet Partners

 
 
Premium

PIN-UP Partners

 
Premium

Sport Generate

 
Premium

RISK

 
Premium

Digitain

 
Premium

Revsharks

 
Premium

Lynon

 
Premium

Imagine Live

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...