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Strong revenue growth helps NYX Gaming reduce Q2 losses

22nd August 2017 1:09 pm GMT

Toronto-listed gaming supplier NYX Gaming Group has reported a 73 per cent increase in revenue to CAD$61.0m for the second quarter of 2017, helping the company almost halve its net loss for the period.

The revenue increase was attributed predominantly to OpenBet, which contributed $32.9m during the quarter, equivalent to 54 per cent of total revenue for the period. New customer launches and development projects were also cited as key drivers of growth.

Royalty and license revenue [...]

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