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

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TSXV:NYX.DB - Post by User

NYX GAMING GROUP LTD 11 PCT DEBS > Jerome Hass will probably buy it back in 2017
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Comment by Investor4000on Jan 03, 2017 5:25pm
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Post# 25663579

RE:RE:RE:RE:RE:RE:RE:Jerome Hass will probably buy it back in 2017

RE:RE:RE:RE:RE:RE:RE:Jerome Hass will probably buy it back in 2017
stocksnbonds wrote:

Remember the OnGame fiasco? NYX finally sold OnGame for a loss just to dump the personnel costs. It was not able to reach economies of scale in Europe. It was costing about 3MM/quarter. What a waste !
  


Just to put thing in perspective 

Ongame was part of a deal with amaya. Amaya didn't want Ongame because they could not turn a profit so they sold it for 1 $ to NYX. NYX agreed to take Ongame to pass a deal with Amaya for Cryp/chartwell. NYX knew how hard it was to make Ongame works, they knew it was a dead horse all along

I mostly agree with what you said tho 
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