NYX Gaming Group reports rise in full-year revenue and gross profits

Swedish online gambling software provider NYX Gaming Group has reported full-year revenue amounted to $27.3 million (€25.3 million), a 46% increase on the $18.7 million posted in 2013.

The increase in revenue was mainly attributable to the growth in new customers, as well as the existing customer base, the introduction of new games and revenue related to the acquisition of Ongame.

“It is with great pleasure that we release our first quarterly financial results as a public company,” NYX CEO Matt Davey said. “Our expertise in the gaming industry combined with our proven acquisition and integration strategy positions us well for future growth.”

Gross profit also jumped 49% to $24.1 million, a result of better gaming revenue mix among NYX-owned content and third-party games offered through its platform.