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

RE:Online casino revenues in Italy: July

[stocksnbonds]

Not so fast Jim, some have the sportsbetting and not casino and vice versa. 
AYA/Stars also has a casino deal in place with Playtech. NYX was not able to scoop up 100% of Stars' casino business. This is standard practise for large licensees as it acts as a way to hedge risk if something happens to one of the providers. 

I don't have the data any longer. The deal with OB showed which licencees were NYX and which were OB at the merger. They were included in the presentations. Perhaps still on the NYX site?  So, I agree that 4/5 operators are clients of NYX but not all are FULL clients of both the sportsbook and casino. When I worked in the industry, it was typical for contracts to be 3 years in length unless you have a big fish which liked to dictate terms. Have no idea what the standard is now. 

The reason NYX started releasing "OB lite/light" is because of the cross-sell to the small/medium sized operation which did not need the WH-type sportsbook. I have faith the new licensees will bring in increased revenue. I'm just shaking my head that Davey et al keep pi$$ing away that money for projects like this OB platform which needs 100 employees. Big head-scratcher given that debt will need to be serviced. Say good-bye to that 5 million in debt savings as it will be spent on employees. 
The burn rate on this company is unbelievable. Still hoping Davey has a plan and does not $crew us. Kinda sad we need to hope like this. 


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