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Bullboard - Stock Discussion Forum NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

TSXV:NYX.DB - Post Discussion

NYX GAMING GROUP LTD 11 PCT DEBS > NYX Gaming Group signs long term agreement
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Post by GobbleGobble on Nov 08, 2016 12:44pm

NYX Gaming Group signs long term agreement

Olympic Entertainment Group (OEG) selects NYX platform and content to accelerate expansion in digital gaming.

STOCKHOLM , Nov. 8, 2016 /CNW/ - NYX Gaming Group Limited (TSX VENTURE: NYX) ("NYX"), a market leading end-to-end supplier to lotteries, casinos and gaming operators across the globe, has signed a long term license Agreement with International gaming corporation, Olympic Entertainment Group (OEG).

The Agreement complements OEG's digital offering for their well-established business in the Baltic States and supports their expansion into new markets world-wide as they regulate.

Through an integration with the award-winning NYX Open Gaming System, OEG will gain access to market-leading content from NYX's wholly owned subsidiaries, NextGen Gaming and Side City Studios, including player-favourites such as Doubleplay SuperBetTM, Jackpot Jester 50,000 and Gorilla Go Wild. The Agreement will also enable the launch of game content across its land-based portfolio.

NYX EVP Business Development, David Flynn commented, "Olympic Entertainment Group is one of the fastest growing groups in the Omni-channel space, having gained significant market-share and winning several awards in the categories of service quality and competitiveness. We are very excited that OEG has chosen the NYX Open Gaming System to build its future upon. Through our partnership, they will be working with one of the world's most flexible gaming platforms and responsive teams in the digital gaming market."

Veiko Krnberg, Managing Director of Online Operations and Sports Betting at OEG, said: "We have chosen to partner with NYX to gain access to a wide selection of game content which will help us effectively address the variety of needs and demands from customers across our territories. We have been delighted with a friendly and active partnership throughout the delivery period."

About NYX Gaming Group Limited

NYX Gaming Group Limited is a leading digital gaming provider headquartered in Las Vegas , USA with a staff of more than 1,000 employees based in over a dozen countries across Europe , North America , Asia , and Australia . The Company provides one of the world's largest portfolios of leading content and technology to some of the foremost gaming operators, lotteries and casinos across the globe. NYX also has one of the broadest distribution bases in the industry with over 200 unique customers and the widest portfolio of content available from their own global studios and broad partner network. The diversified game catalogue delivers content across web and mobile formats, focusing on Bingo, Casino, Lottery and Sportsbook verticals.

NYX's Open Gaming System (OGS™) was recently named 2016 Platform of the Year in acknowledgement of its position as the industry's market-leading gaming offering, which allows licensees to leverage the best-of-breed multi-vendor casino content from around the world.

NYX Gaming Group Limited is listed on the TSX Venture Exchange under the symbol (NYX.V).

https://www.NYXGamingGroup.com

About Olympic Entertainment Group

Olympic Entertainment Group with its subsidiaries is the market-leading provider of gaming services in the Baltic States ( Estonia , Latvia and Lithuania )and also operates casinos in Slovakia , Italy and Malta . OEG shares are listed on the Tallinn and Warsaw Stock Exchanges (OMX: OEG1T / WSE: OEG). Currently the Group has a total of 123 casinos and 32 betting shops, with 3,069 employees in eight countries.

Comment by wingnut1954 on Nov 08, 2016 12:49pm
These NR's are all good but I agree with one past poster in that it would be nice to hear how all these agreements translate into $$for NYX.
Comment by bohikam on Nov 08, 2016 1:20pm
wingnut you are in the wrong space if you are watiting for a 43-101
Comment by wingnut1954 on Nov 08, 2016 1:29pm
43-101 is to do with mining...so you are saying that they can't say how a license translates into revenue?
Comment by bohikam on Nov 08, 2016 1:35pm
i guess they could at least outline the fees they earn through the roll out process.   i guess the reason they dont is that the royalties over time difficult to predict and represent  all the upside
Comment by stocksnbonds on Nov 08, 2016 4:03pm
The reason why they don't is so the licensees and software competitors then know how much each of them get charged.  There are obviously standard fees involved but then there are other issues such as tayloring the software, adding other games from 3rd parties etc. If all fees were disclosed, major company secrets are disclosed to competitors.   sb
Comment by bohikam on Nov 08, 2016 4:10pm
thanks
Comment by uograd on Nov 08, 2016 3:23pm
yes wingnut that is what i constantly complain abut but the company told me they would talk about the prospects from their new deals on their call next week
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