Published
OnlineFinancial

NYX publishes mixed 2015 results

Sign

NYXGamingGroup
ificant increases in revenue and gross profit have been reported by NYX Gaming Group for the full year 2015, though not all figures were positive.

Revenue soared 91% to CAD$52.3m and gross profit improved by 86% to CAD$44.8m, though gross margin percentage actually dropped to 85.6% from 88.3%.

Negative adjusted EBITDA of CAD$773,000 was reported, in comparison with positive adjusted EBITDA of CAD$6.1m.

Increased net loss of 20% to CAD$8.4m was another blotch on the results.

For the three months ended 31 December, revenue and gross profit both more than doubled, with revenue increasing 115% to CAD$18.4m and gross profit ascending 111% to CAD$15.8m.

The net loss total still increased for that period however, going up from CAD$8.3m to CAD$10.7m.

It was announced earlier this month that NYX is to acquire fellow provider OpenBet for £270m, which will be partially funded by William Hill (£80m) and Sky Bet (£20m).

That announcement came on the same day that NYX decided to sell its European poker business, Ongame, to an undisclosed buyer, though details of that deal are expected to be released at a later stage.

NYX bought Ongame from Amaya in November 2014.

Matt Davey, NYX CEO, will be giving an exclusive interview to Gambling Insider on the results.
Premium+ Connections
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...