NYX revenue more than trebles in “transformational” 2016

Gaming Group announced revenue growth of 213% in its full-year report for 2016, climbing to a total of $163.7m.

The company grew at a rate of 46.8% when discounting the impact from the acquisitions of OpenBet, Chartwell and Cryptologic.

Adjusted EBITDA for the period came to $42.7m, growing 305.3% year-on-year, while NYX also posted gross profit of $144.2m, or 88.1% of revenue compared to 85.6% of revenue in 2015.

The company’s full-year results were boosted by a strong showing in Q4, reporting revenue growth of 196.6% to $54.5m.

Also among NYX’s highlights for the three months to March 31 were the signing of 11 new deals and the launching of six new clients, while the industry supplier was also granted unconditional registration to deploy content to the market in British Columbia.

Matt Davey, CEO of NYX Gaming Group, said: “This was a transformational year for NYX. With the integration of OpenBet now substantially complete, we are ideally positioned as a leading provider of sportsbook, gaming technology, and NextGen content to the regulated gaming market.

“Since the beginning of 2017, our new operating model has been delivering an improved cost structure that, combined with our growth strategy, will result in increased operating leverage.”