Encouraging Words from Investor Relations!!!!!!!!!!! Hello Meeky,
The core business is performing well and management are comfortable with consensus estimates. Management remain focused on integration of Openbet and delivering on the operational efficiencies as communicated to the market.
The current weakness in the stock does not appear to be a reflection on the operating performance of the business, but is perhaps related to concerns around Brexit and sentiment on the gaming sector. As previously disclosed, the company generates 43% of its revenue in GBP and 45% of its expenses so concerns over Brexit seem overblown.
Broadly, the online gaming sectors continues to grow at double digit rates. Further, we note management are large shareholders in the business, specifically the CEO who participated in the last deal, buying approximately 700,000 in the bought deal.
The Company looks forward to updating the market in due course.
With kind regards,
Joann
Joann Head Investor Relations Manager
NYX Gaming Group Limited