Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

iGaming Industry

NYX Gaming Group Limited praises OpenBet acquisition as key finances rise in Q2

Published

on

NYX key finances rise in Q2

NYX Gaming Group has cited the impact of its purchase of OpenBet in May last year as one of the main reasons behind year-on-year growth across revenue and gross profit in the three months to June 30.

Revenue in the second quarter amounted to CAD$61m (€41.2m/US$48.5m), up 73.3% on the CAD$35.2m posted in the corresponding period last year.

Gross profit climbed from CAD$30.8m to CAD$51.9m, while net loss was cut from CAD$36.5m to CAD$21.1m.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) jumped from CAD$10.5m to CAD$17, and both basic and diluted loss per share improved from CAD$0.72 to CAD$0.19.

The second-quarter performance places revenue for the first half of the current year at CAD$119.9m, which is more than double the CAD$54.9m recorded at the same point in 2016

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Gross profit for the six months through to June 30 was also up from CAD$47m to CAD$103.9, with net loss improving from CAD$45.7m to CAD$18.5m.

In addition, adjusted EBITDA for the period came in at CAD$34.3m, compared to CAD$15.3m last year, while basic and diluted loss per share improved from CAD$0.90 to CAD$0.17.

Matt Davey, chief executive of NYX Gaming Group, said: “We saw positive momentum in the second quarter with sequential improvement in revenue, adjusted EBITDA, and adjusted EBITDA margin from the prior quarter.

“Our development pipeline remains strong and we continue to sign new customers at a steady rate, as our sportsbook, gaming, and content offerings are resonating with customers and driving scale and operating leverage in our business.”…

The post NYX Gaming Group Limited praises OpenBet acquisition as key finances rise in Q2 appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)


Source: EEGaming.

BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

Published

on

betconstruct-to-showcase-latest-innovations-at-g2e-las-vegas-2024

 

BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.

As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.

Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.

BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Amusnet

Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas

Published

on

amusnet-sets-the-stage-for-global-gaming-excellence-at-g2e-las-vegas

 

Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.

“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.

Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.

Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Canada

SoftGamings Doubles Down on Global Expansion by Introducing Tobique Gaming Licence

Published

on

softgamings-doubles-down-on-global-expansion-by-introducing-tobique-gaming-licence

 

SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.

Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.

The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.

SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.

Continue Reading

Trending