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

Online casino revenues in Italy: July

[JimToronto]

BY Peter Amsel ON August 24, 2017

"Online casino revenue surpassed sports betting in July, rising nearly 5% from June (and nearly 29% year-on-year) to €44.9m. For the year to date, the casino vertical has reported €313m, also up 29% over the first seven months of 2016.

 

Lottomatica topped July’s online casino charts with a 9.73% share of the overall pie, ending PokerStars’ one-month run as the online casino capo dei capi. But PokerStars wasn’t far back at 9.03%, while Sisal placed third with 8.22%, followed by Eurobet (6%) and William Hill (5.7%)."

Four of the top five operators are clients of NYX.

[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

[maypeters]

SB: you speak words of wisdom but Davey and the market is just reminding us that when it comes to gambling (online or not) one has to sadly resort to Hope.. Of course, Andy Dusfrene said that Hope is a good thing, maybe the best of things and no good thing ever dies. Then again Andy as a smart banker never owned NYX stock.:-(

[stocksnbonds]

Maypeters, it would only take a 5% cut in a he workforce to get us in the high 30%EBITDA territory.  That would lead to a double if not triple of the SP from current levels.  I'm very skeptical that resources are being used properly. As I've said previously, at this juncture, the main thrust needs to be on the financial side, not on costs associated with growth. Thanks he growth

[maypeters]

Thanks SB.  Hoping also. At some point they will just take it private at a very low price. Not sure where Dave's interest lie. Too bad - this company has a chance to be something special and reward all shareholders.  GLTA