Online gambling technology provider NYX Gaming Group reported record results in 2016 after bolstering its operations via the acquisition of sports betting tech unit OpenBet.
On Tuesday, the Toronto-listed NYX reported revenue of $54.5m in the three months ending December 31, 2016, a 196.6% improvement over the same period last year, while earnings gained 185% to $12.9m.
NYX’s numbers were goosed by the mid-2016 addition of OpenBet, but even discounting OpenBet’s $30.4m contribution, Q4 revenue was up 31.2% year-on-year. Royalty and license revenue rose nearly two-thirds, thanks in part to 2015’s acquisition of software outfits Chartwell Technology and Cryptologic from Canada’s Amaya Gaming and the mid-2016 acquisition of UK gaming content provider Betdigital.
NYX launched 14 new customers on its Open Gaming System (OGS) in Q4, while signing 16 new customer agreements for its OGS and Open Platform System. As of December 31, NYX had 24 customers in the development pipeline waiting to launch, while inking 11 new deals over the first quarter of 2017. NYX’s content division launched 27 new games in Q4.