NYX Gaming Q1 financial review

On 30th May NYX Gaming a publicly listed award winning game provider who has its headquarters in Las Vegas Nevada, release its first quarter financial review to its shareholders and the news are excellent as the company announced a $16.8 million (CAD) profits after EBITDA. As you probably know the company saw a fair share of movement in 2016 after being acquired by the Amaya group and we were longing to hear the financial results of early 2017 after the company’s drastic strategic changes.

Following the news Matt Davey, CEO of NYX Gaming Group commented: “Our customer development pipeline remains strong, and we are focused on profitable growth through our product-led strategy with targeted R&D investment in sportsbook, gaming, and content technologies.”

What does this growth mean for the end user?

With such an impressive profit margin in early 2017, we anticipate that NYX Gaming will be reinvesting a large part of it in the end user. So, it would be fair to assume that NYX will be looking at integrating even more independent game studios to OGS (Open Gaming System) which facilitate the distribution of multi-vendor casino content around the world. As gamification is a hot topic in the online gaming industry these days we also predict that NYX will soon be releasing an in-game gratification tool which will enable casino operators to reward their players for their achievement, very much like the tool released by Yggdrasil Gaming and QuickSpin earlier this year.

We also predict that NYX will possibly venture in more regulated markets and capitalise on their recent EGR awards wins of Casino Platform Supplier and Best Platform Supplier of the year for North America.

In the same press release, NYX Gaming has confirmed that 28 operators have yet to be integrated and that soon their games will be available in even more casinos. NYX game portfolio currently contains over 2,000 different game titles which can be found at InstaCasino, ShadowBet and Casumo to name a few.

If you are keen to try NYX games, make sure to pop by our bonus section to always get more money to play with on your first deposit!