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NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB



TSXV:NYX.DB - Post by User

Comment by Carpenter72on Dec 19, 2016 9:33pm
224 Views
Post# 25622476

RE:RE:RE:RE:NYX will rise very soon

RE:RE:RE:RE:NYX will rise very soon
On NYX's blog, I found an old interview (28 april 2016) with Gambling Insider and Matt Davey. I think it is important right now to look at the big picture NYX is projecting for 2017 and years coming. IMO, The big decrease in sp is main due to the tax selling season and not the cie itself. Don't have to be so realistic...The best is coming and soon...
 
"OpenBet itself is a highly profitable business, its EBITDA margin is close to 40% and that will clearly have a positive impact on our business"
 
How do you see the OpenBet and Ongame deals affecting your future financial results, not just this year but also in the long-term?
As we look at 2016, OpenBet will have a small contribution in Q2, but the full contribution of the combined business will be in Q3 and Q4. OpenBet itself is a highly profitable business and its EBITDA margin is close to 40%. That will clearly have a positive impact on our business. But 2017 will be the year where you will see the full business with a clean year of operating together. We should extract a number of the revenue synergies by then as well. From our business, you should see a blended growth rate that we think will be north of 20% year-on-year. That high, reoccurring revenue should drive an expansion in our EBITDA margin as well. We’ll start to approach the 40% EBITDA margin that you see with online gaming B2B businesses. 

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