NYX Gaming Group Records 73.3% Revenue Increase in Q2
Las-Vegas based digital gaming supplier called NYX Gaming Group is considered as one of the world’s leading brands.
NYX is coming off from a strong summer which saw the company sign a great number of new deals up until mid-August. The company is keen to latch on a positive momentum to keep the bar high as the end of the year approaches.
The American online casino software producer signed the total of 18 new deals for its Open Gaming System (OGC) and Open Platform System (OPS) solutions.
NYX also launched the OGS content over 13 new sites across the regulated European markets. What’s more, the company launched the total of 21 new slot games which include games with PokerStars NJ, one of The Stars Group branches based in New Jersey.
This software developer and supplier – renowned for its interactive, social and mobile gaming – recorded a whopping 73.3% rise in revenue which translates into $61 million in total.
The company’s revenues hit the pinnacle in May 2016 when NYX purchased OpenBet. The expansion into the lucrative sports betting world accounted for a great deal of the revenue in total and the company hopes that the positive trend will be preserved by focusing on technical innovations for customers.
“We saw positive momentum in the second quarter with sequential improvement in revenue, adjusted EBITDA, and adjusted EBITDA margin from the prior quarter,” said CEO Matt Davey.
The good numbers are backed by solid performance records for NYX which allowed the company to drive forward and operate leverage of the business.
NYX Gaming has some big plans for next year.
The main goal is to continue to build up on the momentum that’s has been gained in the first place.