TSXV:NYX.DB - Post by User
Comment by
stocksnbondson Jul 30, 2015 2:54pm
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Post# 23976965
RE:From AYA release yesterday post
RE:From AYA release yesterday postThe revenues cannot be recognized until the closing of the deal. That would be established by both NYX and Amaya. Amaya will have generated the bulk of the revenues for the quarter for bothCWH and CRYP so NYX will not be getting their hand on those revenues.
It was not in a press release. These are accounting rules. NYX will get the benefit of all the new aquitisions when the deals close. There were quite a number over the last 2 quarters. NYX will only get the FULL value of the deals it closed in the first quarter this coming earnings release. The next release is when NYX will recognize the full value of the Chartwell and CRYP gaming revenues. Hope this helps.
sb