NYX Gaming lauds "transformational year"
Supplier on track to report full-year revenues of $52.2m leading to losses of $0.8m
NYX Gaming this morning said it is on track to report record revenues and profits in the fourth quarter and for the full-year 2015.
The supplier said it expects revenues of up to CA$18.3m (?9.3m) for the quarter and up to $52.2m (?26.6m) for the full year, representing growth of 114% and 91% respectively.
The firm said adjusted EBITDA, including losses from the Ongame Network, would be up to $1.8m (?900,000) for the quarter and a loss of up to $0.8m (?400,000) for the full-year.
NYX signed deals to supply 18 new operators with its Open Gaming System and one deal for its Open Platform System during the fourth quarter.
The supplier launched content deals with nine new clients during the quarter including 888 and BoyleSports, and also saw Golden Nugget switch to its platform in New Jersey.
NYX chief exec Matt Davey said 2015 had been a “transformative year” for his firm which achieved its first positive EBITDA result as a public company in Q4.
“We have seen continued organic growth from our legacy business and realisation of synergies from Cryptologic and Chartwell [acquired from Amaya earlier in the year].
“Our revenue contribution from mobile continues to grow and outpace the industry, where 54.5% of our revenue via our OGS in Q4 2015 was generated from mobile versus 44.5% in 2014,” he added.
The update comes just days after the supplier was reported to be lining-up a joint bid with William Hill to acquire OpenBet.