NYX proud of ‘transformational’ 2016 as Financial Performance Grows On
Company’s revenues from 2016 amounted to $163.7 million which marked a stellar rise of 213% compared to 2015.
The numbers stand at respectable 48% if acquisitions of OpenBet, Chartwell and Cryptologic get taken out of the equation which does little to decrease the overall success achieved during the 12 month of the last year.
Royalty and licence revenue are reported to have risen by 105.4% to $90.7 million compared to the year before, totalling the gross profit at $144.2 million. Adjusted earnings before interest tax, depreciation and amortisation soared to $42.7 million, which stands at a 305.3% rise.
There is no wonder that Matt Davey, Chief Executive of NYX Gaming Group, describes the financial 2016 as ‘transformational’.
“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,” Davey said.
The company continued to follow the rising trend in 2017 as well, most notably achieving record bets at horse racing events with the OpenBet platform.
“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.”, added Matt Davey.
About NYX Gaming
NYX Gaming Group is headquartered in Las Vegas and is a highly-rated provider for the online gaming industry, which offers solutions for numerous verticals in the business.
In addition to services towards some of world’s largest sportsbooks, NYX Gaming Group also provides gaming content for the online casino industry and is boasting a portfolio witch well over 2,000 slot game titles.
The company has recently secured a gambling licence in three Canadian provinces.