NYX doubles Q3 revenue

Gaming Group has more than doubled its revenue for Q3 2015.

The provider reported a 112% upturn to CAD 13.3m for the three months ended 30 September.

Organic revenue, which excludes acquisitions, reached CAD 10.3m, an increase of 64% year-on-year.

Gross profit for the period increased 91% to CAD 11.1m.

Adjusted EBITDA fell 167% to negative CAD 1.4m, impacted by a CAD 2.5m loss related to the firm's Ongame poker network.

NYX recorded a net loss of CAD 6.5m, down 900%, although the figure is reported as adjusted net income of CAD 2.6m when excluding Ongame losses of CAD 2.5m and acquisition/restructuring charges of CAD 6.6m.

During Q3 NYX launched its Open Gaming System (OGS) content across the New Jersey gaming sites of Mohegan Sun and Caesars, and also integrated OGS into the Cryptologic/Chartwell distribution network.

NYX chief executive Matt Davey said: "I'm pleased to announce that Q3 marked another record breaking quarter for NYX and an important step in our multi-year plan to gain scale and relevance as a diversified high growth content and technology supplier to the gaming space.

"We saw excellent growth in revenue and gross profit and now boast the largest content portfolio combined with one of the broadest distribution bases in the industry with over 170 unique customers."